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Oliga [24]
1 year ago
9

A court order that directs an employer to set aside a portion of an employee's wages to pay a debt owed to a creditor is known a

s _____
Business
1 answer:
natita [175]1 year ago
6 0

A court order that directs an employer to set aside a portion of an employee’s wages to pay a debt owed to a creditor is known as garnishment.

When money is legally withdrawn from your paycheck and given to another person, this is known as garnishment or wage garnishment. It alludes to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.

The third party also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment payment under federal law. For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used.

Learn more about garnishment here:

brainly.com/question/8052137

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7 0
3 years ago
Justin Company's budget includes the following credit sales for the current year: September, $40,000; October, $51,000; November
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$45,350

Explanation:

Follow the Company`s collection history to determine the November Cash Collection.

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Collected in month of sale - 15% x $45,000                       $6,750

Collected for 1st month after sale - 60% x $51,000         $30,600

Collected for 2nd month after sale - 20% x $40,000        $8,000

Total                                                                                     $45,350

Therefore,

The cash Justin can expect to collect in November is $45,350

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