Marlene Mitten Garnishment Manager Hewitt Associates

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Federal Tax Levy – Example Employee paid bi-weekly $1,600 • Part 3 Form 668 W - Married/Joint 2 Exemptions Deductions • Fed Tax $ 85 • SS Tax 99 • Medicare Tax 23 • State Tax 40 • 401(k) (3%) 48 • Health Ins 55 • <strong>Garnishment</strong> 50 ------- • Total Deductions $ 400 ● Take Home Pay: $1,600 – 400 = Take Home Pay
IRS Publication 1494 - 2010
Page 1 and 2: Marlene Mitten Garnishment Manager
Page 3 and 4: Two Types of Garnishments Involunta
Page 5 and 6: Involuntary Deductions Mandated by
Page 7 and 8: Recordkeeping & Tracking Log garni
Page 9 and 10: Federal tax levy Tax Levies • For
Page 11: Tax levies Only deductions in effe
Page 15 and 16: Tax levies • Employer should not
Page 17 and 18: Creditor garnishments Wage garnish
Page 19 and 20: Creditor Garnishments State Regula
Page 21 and 22: Creditor Garnishments - Example 1
Page 23 and 24: Creditor Garnishments QUESTIONS ?
Page 25 and 26: Bankruptcy QUESTIONS ?
Page 27 and 28: Student loan collections Student l
Page 29 and 30: Student Loans & Federal Agency - De
Page 31 and 32: Federal Wage Hour Law Restrictions
Page 33 and 34: • Garnishments & Wage assignments
Page 35 and 36: Federal Wage Hour Law Restrictions

Marlene Mitten Garnishment Manager Hewitt Associates

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