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| *Ostroff, Fair and Company>>>Personal Finance |
Will my wage garishments increase if i get a raise? |
Will my wage garishments increase if i get a raise? probably since it is based on a percentage of your earnings Probably. It's usually limited to a certain percentage of your pay, so as your pay goes up, so will the deduction. Probably...most garnishments are based on a percentage of your pay. If there is a set amount on it, then it shouldn't. it depends on the amount of the garnishment per month, as well as the amount of ur raise... most garnishments have a set monthly amount, AND a max percentage of ur NET pay. So if u have a garnishment for $200 a month, and ur making $300 a month, then they would only get $150 per month, where as if u get a raise to $400 a month, then would get their full $200 per month, and if u get a raise to $1000 a month, they would still only get their $200 a month. However, if it's child support, or spousal support, the order to withhold might be altered, ordering u to pay more, based on ur new salary... I'm a payroll administrator, with over 5 years of experience. Depends on if it is set up as a certain amount each month or as a percentage of your income. |
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