The Child Support Guidelines establish the presumptively correct amount of child support due for five or more children of the marriage. These guidelines show specifically how the court derives the exact amount to be paid in child support.
The Child Support Guidelines establish the presumptively correct amount of child support due for five or more children of the marriage. These guidelines show specifically how the court derives the exact amount to be paid in child support.
When you are required to finalize Iowa Child Support Calculator For Joint Custody that adheres to your local state's laws, there can be various alternatives to select from.
There's no need to review every document to confirm it satisfies all the legal specifications if you are a US Legal Forms member.
It is a reliable service that can assist you in obtaining a reusable and current template on any subject.
Utilize the Preview mode and review the form description if available.
In Iowa, child support is determined based on both parents' net income as well as the number of children involved. Net income refers to your "take home pay" or how much money you make after taxes, health insurance, etc. are subtracted.
The court estimates that the cost of raising one child is $1,000 a month. The non-custodial parent's income is 66.6% of the parent's total combined income. Therefore, the non-custodial parent pays $666 per month in child support, or 66.6% of the total child support obligation.
Child Support in Iowa It is important for parents to understand that, in Iowa, both parents are considered to have an equal responsibility to support their children.
Iowa family courts figure parenting time percentages based on overnights, with 128 to 147 equaling 15 percent; 148 to 166 equaling 20 percent; and 167 on up equaling 25 percent.
You need to figure out the portion of the combined income of both parents that is from the noncustodial parent. Multiply the Schedule amount by the noncustodial parent's share of the total parental income. The resulting amount is the basic child support obligation.