Child Support Worksheet B Colorado With Child
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How to fill out Colorado Child Support Worksheet B?
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FAQ
Gross income (before taxes) of both parents. The child's income (if any) Number of overnights the child spends with each parent. Expenses, including health insurance and daycare.
Under Colorado Revised Statutes Section 14-10-115, a parent's adjusted gross income refers to his or her gross income minus pre-existing child support and alimony obligations. Income can refer to more than just the wages you earn at your place of employment, however. Income can refer to: Wages.
In cases in which the parties share equal parenting time and have similar incomes the child support calculation could render a result such that neither pays the other any support. A common misconception is that because there is 50/50 parenting time, neither owes child support, which is just not true.
A: The standard child support percentage is 20% of the parents' combined gross income. An additional 10% is added for each additional child. If there are extenuating circumstances, the court may call for a higher or lower percentage to reflect your situation.
In most situations, regardless of shared physical custody, both parents must contribute to their child's financial support. In circumstances where the income levels of both parents are nearly identical, it's feasible that neither parent will be responsible for paying child support to the other.