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Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.) Does the garnishment follows the CCPA Maximum garnishment allowed

Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.) Does the garnishment follows the CCPA Maximum garnishment allowed

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.)

 
 
 
 
Does the garnishment follows the CCPA  
Maximum garnishment allowed  
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