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FPC - Module 3_ Calculations of Deductions and Net Pay (1)
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FPC - Module 3_ Calculations of Deductions and Net Pay (1)
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FPC - Module 3: Calculations of Deductions and NetPay
Form 668- W - ANS-- Notice of Levy on Wages, Salary, and Other Income
- Directs ERs to deduct from EE's Wages
Net Pay - ANS-- Amount after deductions
Child Support Deductions are sent: - ANS-- Within 7 business days after deduction is made
- States may have shorter periods
FLSA Limits what deductions? - ANS-- Deductions ER;s can make w/o EE's authorization
- Deduction cannot take EE below minimum wage
Maximum student loan garnishment: - ANS-Lesser of:
- 15% of disposal earnings
OR
- Disposable earnings in excess of 30 x Minimum Wage (per week)
Definition of Disposable Earnings for a Student Loan includes: - ANS-- Cost of health insurance
EE must receive # Day Notice before Student Loan Withholding begins - ANS-- 30
Child Support Deductions Begin: - ANS-- 14 days following the mailing of the order
- States may have short period
Maximum Child Support Deductions - ANS-- 50% supporting another family
- 60% if not supporting another family
+5% if in arrears
Administrative Fees for Child Support Deductions: - ANS-- ER's can withhold their admin fee
even if the amount causes deductions to exceed max allowed by law
- fee becomes part of arrears
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