This transcript was auto-populated.
Transcript:
00:00:00 – 00:00:50
So each state is going to calculate child support a little differently. They all have guidelines that come into play to calculate child support. But some of the big things they’re looking at what is your income and what is the other party’s income. They look at all sources of income including commissions, bonuses, things like that. And then they’re going to want to determine what are the deductions from that income to get to your net income. So, the deductions they’re going to take are
00:00:24 – 00:01:25
taxes, mandatory retirement pay, health insurance. Also, if you’re paying court-ordered child support for or alimony for another child or another spouse, that can be deducted from your net income. Other factors that go into child support are going to be if either party’s paying daycare for the child, that can be calculated into child support. If either party’s paying health insurance for the child, that health insurance will come into the calculations. And then one big one is going to be the time sharing schedule.
00:00:55 – 00:01:51
So they actually look at how many overnights do you have of time sharing with your child in a given year. Um and we have ways to calculate that given the holidays and whatnot. General premise is the more overnights you have, the less you pay. So that’s a very important factor that goes into calculating child support. all those numbers and factors. And there’s actually like a calculator that we input all those numbers and we calculate based on the statutes of each state. They’ll tell you what your child
00:01:23 – 00:01:26
sport’s going to