Maximum monthly withholding amount for Involuntary deductions
Summary:
Is there a way to restrict the maximum amount to be withheld in a month towards some involuntary deduction.
Let’s say the involuntary deduction is added for the employee to deduct $ 200 per pay check. In the event of a month having 3 check dates (considering it is a biweekly frequency), we should deduct only $100 during the third check since there is an expectation to withhold a maximum of $500 in any month.
We do have option to set a monthly limit on Processing Fee and Organization Fee, but not seeing an option to set a limit on maximum monthly withholding amount.