Insert Calculations from the Timeshare Agreement

Aug 6th, 2022
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Divide either parents net income by the combined available income. Multiply the result by 100 to get their percentage of financial responsibility. The remaining percentage is the other parents responsibility. Example: Jamie divides her net income of $4,000 by $6,400 (the combined net income from Step 2).
Florida law requires support payments be sent electronically. The first child support payment you receive will be issued by mail as a paper check. You will also receive directions to opt to receive payments by direct deposit or by smiONE Visa Prepaid debit card.
3-2 Schedule This is a true 60/40 split, but it might feel like a lot of back-and-forth for older kids with activities and school. 3 days are spent with the parent who has 60% custody, and then the next 2 days are spent with the parent who has 40% custody, then start again!
After you have added up all of the various deductions which you are entitled to be credited with under Florida law, you subtract that total from your gross income. This is your monthly net income for calculating child support.
FLORIDAS BASIC SUPPORT AMOUNT Child support guidelines may grant the basis for proving a modification where circumstances have changed. The basic child support amount for a single child in Florida is $74 where the supporting parent earns a minimum wage/salary of $650.
ing to Floridas Child Support Guidelines, a court cannot award no child support because both parents have a legal obligation to financially support their child. However, on the odd chance that each parents annual income is exactly the same and they split custody 50/50, a judge may not award any child support.
50/50 schedules can benefit a child because the child spends substantial time living with both parents. This allows him or her to build a close relationship with both parents, and to feel cared for by both parents. 50/50 schedules work best when: The parents live fairly close to each other, so exchanges are easier.
If your child spends Friday and Saturday nights at your home every other weekend, this comes out to 52 overnights a year, or two nights times 26 weeks. If you divide 52 by 365, the number of nights in a year, your custody percentage is 14 percent.
Finally, the court will take into account the number of overnights the child spends with each parent. In cases of 50/50 custody, the parents are presumed to be paying equal expenses. The support obligation will then be adjusted to reflect this contribution.
For one child, the percentage is 5 percent, and for two children, it is 7.5 percent. This amount is added to the child support amount suggested by the chart.

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