According to Consumer Credit Protection Act, What Is a Limit

question 64

Multiple Choice

According to Consumer Credit Protection Act, what is a limit on the amount of a garnishment for consumer credit?

• A)It must be a minimum of 10% of an employee's annual salary.
• B)It cannot exceed 25% of an employee's disposable income.
• C)It may be 75% of the employee's disposable income.
• D)It must be less than 50% of an employee's gross earnings.

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Definitions:

Savings

A reduction in expenditure or cost, often set aside for future use.

Labour Cost

The total expense incurred by employers for the salaries, wages, and benefits of their employees.

Labour Availability

The supply of workers qualified and ready to perform work in a specific geographic area or industry.

Call Centre Industry

A sector of the economy focused on managing customer contacts and service operations through large offices known as call centers.