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How to calculate CHILD SUPPORT? How much is the non-custodial parent (NCP) supposed to pay to the custodial parent (CP)? How to calculate child support payments? For example in New York law uses parent's income as the prime measure. Expenses are virtually ignored. Multiply the non-custodial parent's net income by the appropriate percentage: 17% for 1 child; 25% for 2 children; 29% for 3 children; 31% for 4 children; 35% for 5 or more children. (Other limited deductions may apply.) (Income over $80,000 requires a separate calculation.) Multiply the gross salary of the non-custodial parent, minus the allowable FICA deduction of .0765% to obtain the net income for calculation. The child support for everything except child care, medical and educational expenses (add-ons). Child care, medical and educational expenses (add-ons) are paid in addition to child support and will usually be pro-rated in proportion to the parent's income. The courts may ignore all of the above for any good reason. The parties, by mutual consent, may agree to waive the above child support guidelines as long as both parties are made aware of the provisions of the law and an adequate explanation is contained in the Separation Agreement. |
Relative Info>> FQAs of Child Support > Visitation > Parent > Guardianship > FQAs of Divorce > Court Order > Mediation > Child Declaration > Juvenile > Jurisdiction Act > Attorney > Go back Home < |
Contrary, how to calculate of child care costs? For example in South Carolina; the cost of day care the parent incurs due to employment or the search for employment, net of the federal income tax credit for such day care, is to be added to the basic obligation. This is to encourage parents to work and generate income for themselves as well as their children. However, day care costs must be reasonable, not to exceed the level required to providing high quality care for children from a licensed provider. As custodial parent may be eligible for qualified credits, the actual day care expense should be adjusted to recognize this credit. This adjustment may take place in two ways. In cases where the custodial parent's gross income exceeds the thresholds listed below, the actual or allowed day care cost is multiplied by 0.75 to arrive at the adjusted amount to enter on the appropriate line. Future increases in support may be based on the Guidelines, the Consumer Price Index, wage increases, or combinations of these. You have to ask your county family court a "Child Support Guidelines". |
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