What Role Does A Parent’s Income Play In Child Support?
During a divorce that involves children, one of the parent ends up having custody over the children while the other parent pays a certain amount as child support. It is important that parents earn a substantial amount of money each year for child support. Parents with low income have often found themselves losing child custody battles. In some cases, child custody has been awarded to a third party due to low income by both parents.
Calculating the amount for child support
It is very important that parents calculate the amount of child support they need to pay. Parents should first work out where and with whom the children will live. Once that is sorted out, both parents should decide on a certain amount that must be paid for child support. The parent who loses custody battle usually become the primary child support payer. It is usually the parent with the higher income.
To calculate the gross annual income, parents need to look at their income tax return and the amount that is given. It will give a fair idea of what each parent earns in a month. Additionally, they should contact the Department of Child Support Services to help them chalk out the best plan for child support if they want their county to help seek and enforce a child support order.
During a shared parenting arrangement where the child has lived with both parents equally for a year, the paying parent becomes one who earns more. The child must have spent at least 30% of his/her time with each parent before the parents can be termed as joint custody.
Split parenting can occur when there are more than two children involved and when each parent becomes the primary caretaker of each child. In such cases, it becomes the duty to each parent to contribute equally for child support. But that again it depends on the annual income of each parent.
There are many child support calculators available online and the best ones are DissoMaster and XSpouse.
Parental income is very important for child support decisions because it determines how much each parent should pay for supporting their child. A child support calculator considers important factors like annual salary and expenses and determines the exact amount for each parent.
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Irrespective of whether the parents were legally married or not, they have a responsibility to support and look after their kids. If a marriage or a marriage-like arrangement has come...