Tennessee Price Setting Worksheet
Description
How to fill out Price Setting Worksheet?
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FAQ
Is there a limit to the amount of money that can be taken from my paycheck for child support?50 percent of disposable income if an obligated parent has a second family.60 percent if there is no second family.
High incomeTwo children: 7.22 percent. Three children: 7.77 percent. Four children: 8.05 percent. Five or more children: 8.66 percent.
The maximum is 75% of a theoretical support order calculated according to these Guidelines, using the Credit Worksheet and the parent's gross income.
Child support is calculated using Tennessee state guidelines that focus on the income of both parents (as reflected on an income worksheet) and the time that each parent spends with the child. If a parent pays support for other children, this could reduce any amount paid.
What hasn't changed is the cap on support awards that apply to high-income parents. The maximum support award for one child is still $2100. While the median wages have increased along with inflation, it appears the laws of economics don't apply to the cost of raising children in Tennessee.
(review) But, generally speaking, child support can not be waived, by agreement or otherwise. In Tennessee as well as other states child support is determined by law. The Tennessee Child Support Guidelines must be followed by the Court. The Court is given the ability to deviate (or vary) from the guidelines.
How Does Tennessee Calculate Imputed Income? Tennessee courts impute income in two situations: when a parent refuses to produce reliable proof of his or her income, and when a parent is voluntarily unemployed or underemployed. A parent can't escape paying child support just by refusing to show proof of income.
Tennessee Child Support Calculations Child support is calculated using Tennessee state guidelines that focus on the income of both parents (as reflected on an income worksheet) and the time that each parent spends with the child. If a parent pays support for other children, this could reduce any amount paid.
When the court doesn't have reliable evidence of a parent's income, the court will impute income of no less than $37,589 for male parents and $29,300 for female parents. The court can also consider other evidence for a parent refusing to show evidence of income, such as the parent's previous income or employment.
