The Child Support Regarding Formula Michigan you see on this page is a reusable legal template drafted by professional lawyers in compliance with federal and state laws and regulations. For more than 25 years, US Legal Forms has provided people, businesses, and attorneys with more than 85,000 verified, state-specific forms for any business and personal occasion. It’s the fastest, simplest and most trustworthy way to obtain the documents you need, as the service guarantees the highest level of data security and anti-malware protection.
Acquiring this Child Support Regarding Formula Michigan will take you only a few simple steps:
Sign up for US Legal Forms to have verified legal templates for all of life’s scenarios at your disposal.
Each parent's income is considered, which includes wages, overtime, commissions, bonuses, self-employment income, contract income, investment earnings, social security, unemployment, disability, worker's compensation, retirement income, military pay, tips, gambling earnings, alimony (spousal support), and employment ...
Adding together each parent's monthly net income determines their combined net income. The state uses this figure to set a base support obligation, or how much parents are expected to spend on their children each month. Each parent is responsible for part of the base support obligation, proportional to their income.
(6) Joint custody shall not eliminate the responsibility for child support. Each parent shall be responsible for child support based on the needs of the child and the actual resources of each parent.
The Michigan Child Support Formula determines which parent will pay child support and the support amount, based on factors including each parent's income and the number of nights per year that the child spends with each parent (called "overnights").
The formula uses a parent's net income, which is defined as all income minus deductions and adjustments permitted by the child support manual.