Indiana Price Setting Worksheet
Description
How to fill out Price Setting Worksheet?
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FAQ
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.
How Is Child Support Calculated in Indiana? Indiana bases child support on a system of guidelines that uses weekly gross income as its basis. The court verifies all income via government wage match information, and parents are required to submit worksheets setting forth all their income and expenses.
When each parent has the child 50 percent of the time and the parents have similar incomes and finances, it is possible that neither parent will have to pay child support.
The court orders a flat percentage of 25% of the non-custodial parent's income to be paid in child support to the custodial parent.
How Is Child Support Calculated in Indiana? Indiana bases child support on a system of guidelines that uses weekly gross income as its basis. The court verifies all income via government wage match information, and parents are required to submit worksheets setting forth all their income and expenses.
(This is sometimes called the 6% rule). It is like the non-custodial parent is prepaying health care expenses every time a support payment is made. So the custodial parent must pay the cost of uninsured health care expenses up to 6% of the basic child support obligation.
The maximum amount that may be withheld from the employee's check to comply with the child support withholding law is $114.00 (60% of $190.00).
Child support is ordered to cover the child's basic living expenses as well as health insurance. When in the best interests of the child, the non-custodial parent can also be ordered to pay for the child's educational needs; medical, hospital, or dental expenses; and funeral expenses if the child dies.
The maximum payment a parent owes will not exceed 50 percent of their adjusted weekly income.
