How is Child Support Calculated?
The amount of child support a parent may pay is one of the first questions typically asked during a family law consult for a divorce or paternity action. Unfortunately, the answer is “it depends”.
The Florida Legislature has provided guidelines from the amount of child support which should be paid for the support of a child based solely on the parent’s combined monthly net income. However, the calculation does not stop there. The child’s health insurance, uncovered medical cost, and day care expenses are all factored into the calculation as well as the parents’ timesharing schedule. The money a parent pays for the foregoing expenses and the more time a parent has with the child the less child support that parent will have to pay.
The Court will look at financial documents such as pay stubs, bank statements and tax returns to determine each parent’s relative income. Each parent will also be required to file a financial affidavit which provides a monthly snapshot of their income and expenses. All these documents and affidavits must reconcile.
Determining an accurate child support calculate is extremely important and should be reviewed by an attorney. The attorneys at McCart & Tesmer, P.A. are ready to assist in your family matter. For a free consultation please call (813) 498-2757 or email the firm at info@McCartTesmer.com.