2Dadwipp wrote:I haven't opened one and if she has, I haven't been made aware yet. I would have definitely thought she would have by now. I was paying half of the rent for the townhouse rented in both our names and child care for one of my children which I have always paid and the electric bill when I was living in away from home, I just got back into the home and assume I will resume paying all the rent until the lease is up or we both move out.
Can you give some ideas on how the initial support payments will be determined. And how modifications happen I understand how its calculated, but my income now is much less than it will be in 3 months and will increase each quarter until the end of the year. Assuming I end up with a shared custody arrangement with enough overnights for a reduction is not my main concern but understanding what I can expect when my annual income will be determined by how much commissions I earn and can range anywhere from 70k to 130K. The only income guaranteed is the base salary of 45K
Can anyone enlighten me in this area or give me the resources to understand this more clearly.
Ok so here how it should go under the basic income shares model.
Parent A, makes 3000 a month
Parent B, makes 2000 a month
Thats total income of $5000 a month. Parent A's portion is 66% and Parent B is 34%.
Whoever has the children more, if not a 50/50 split usually becomes the obligee unless theres a huge gap in pay. Lets say Parent A is the obliger, and Parent B is the obligee.
So of that 5000 a month, $1369 gets allocated to support for two children. Of that $1369, Parent A must contribute $904 monthly to Parent B. Parent B technically is responsible for the remaining portion but is presumed to do so thru direct support to the children.
Once again, this is a basic model. This does not take into consideration, credits that are available to paying parents. Credits usually include those for substantial time sharing, in PA, its 40% or more. Theres also credits for insurance premiums paid for yourself and children if it reduces your income by a certain percentage (in FL it has to be more than 5% or at the least $50 a month). Tax credits can also be built into it but the wording must be fine tuned.