Gunther wins a $25,000 judgment against Krissa, and Krissa refuses to pay. Krissa works for Iniversal Electronics
Gunther obtains a postjudgment writ of garnishment from the court ordering Iniversal Electronics to pay 25 percent of Krissa's weekly disposable earnings directly to Gunther. However, Gunther is not satisfied with this, and he asks the court to increase Krissa's pay deduction to 50 percent, which the court refuses to do. Which federal Act allows Krissa to retain 75 percent or more of her earnings in a writ of garnishment?
A) Fair Credit Reporting Act
B) Fair Credit Billing Act
C) Title III of the Consumer Credit Protection Act
D) Fair Debt Collection Practices Act
C
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The unknown present value is always a larger amount than the known future value because dollars received currently are worth more than dollars to be received in the future.
a. true b. false
Which term represents the monies a company earns by selling its products and services?
a. liabilities b. assets c. expenses d. revenues e. equity