Child Support Alimony Calculator With Shared Custody In Palm Beach
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FAQ
How to fill out the Child Support Guidelines Worksheet? Collect your gross weekly income and related expenses. Enter all deductions applicable to your income. Calculate your available income by subtracting expenses from income. Determine the combined available income with the second parent.
Divide either parent's 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 parent's responsibility. Example: Jamie divides her net income of $4,000 by $6,400 (the combined net income from Step 2).
To ensure fairness and proportionality, Florida courts base child support on the combined net monthly income of both parents, even in cases of joint or 50/50 custody.
Each parent will be responsible for paying 50% of the child support that's indicated on the child support guidelines schedule. Going back to our initial example, if there was one child involved, and the net income between the parents was $2000 per month, the total child support would be $442.
If your divorce established joint physical custody, then child support will be based on his gross monthly income and yours. Whoever makes more pays the difference to the other. So long as he makes more than you do, he will be paying you child support.
A: The disadvantages of 50-50 custody are that children have a less stable living environment and must frequently move between homes. It can be complicated for both parents and children to frequently switch between homes.
The new law establishes a rebuttable presumption that equal timesharing (50/50 custody) is in the best interest of the child. Unless compelling reasons exist, courts will lean toward equal parenting time.
In Florida, child support is calculated based on the income of the parents and the needs of the child(ren). Alimony, on the other hand, is determined by various factors, including the length of the marriage, the standard of living during the marriage, and the financial resources of each party.
