Disposable Earnings legal definition of Disposable Earnings. Disposable Earnings synonyms by the Free Online Law Dictionary.

988,232,022 visitors served.

TheFreeDictionary Google

Word / Article Starts with Ends with Text

Dictionary/
thesaurus

Financial
dictionary

Wikipedia
encyclopedia

That portion of one's income that a person is free to spend or invest as he or she sees fit, after payment of taxes and other obligations.

Legally mandated deductions are those for the payment of taxes and Social Security. Any deductions for medical insurance, Pension plans, life insurance, or employee savings plans do not qualify and must be included in the disposable earnings. Take-home pay is, therefore, not necessarily synonymous with disposable earnings because of this distinction between the deductions.

The federal Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq. [1968]) establishes a minimum amount of disposable earnings that can be garnished by a debtor's creditors. The lesser figure of 25 percent of a worker's weekly disposable earnings or the amount by which his or her disposable earnings exceed thirty times the maximum hourly wage is subject to Garnishment.

State laws also impose restrictions on the garnishment of debtor's wages.

? References in periodicals archive
That garnishment limit is 25% of the employee's disposable earnings, or the amount of disposable earnings in excess of $170 per week ($340 per two-week period), whichever is less. Paycheck deductions apply despite jackpot by The Register-Guard (Eugene, OR) The Meeting resolved in accordance with the Board's proposal that from the company's disposable earnings of SEK 407,809,841 a dividend be paid to the shareholders in an amount corresponding to SEK 1. Elekta Annual General Meeting 2007 by Business Wire Such a deduction may not exceed 25 percent of the employee's disposable earnings or the amount of disposable earnings in excess of $170 per week, whichever is less. Employee needs final paycheck by The Register-Guard (Eugene, OR) More results

That garnishment limit is 25% of the employee's disposable earnings, or the amount of disposable earnings in excess of $170 per week ($340 per two-week period), whichever is less.

Paycheck deductions apply despite jackpot by The Register-Guard (Eugene, OR)

The Meeting resolved in accordance with the Board's proposal that from the company's disposable earnings of SEK 407,809,841 a dividend be paid to the shareholders in an amount corresponding to SEK 1.

Elekta Annual General Meeting 2007 by Business Wire

Such a deduction may not exceed 25 percent of the employee's disposable earnings or the amount of disposable earnings in excess of $170 per week, whichever is less.

Employee needs final paycheck by The Register-Guard (Eugene, OR)

More results

TheFreeDictionary Google

Word / Article Starts with Ends with Text

Free Tools:	For surfers: Browser extension \| Word of the Day \| Help For webmasters: Free content NEW! \| Linking \| Lookup box \| Double-click lookup \| Partner with us

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.