Tennessee Credit support agreement

State:
Multi-State
Control #:
US-0559-WG
Format:
Word; 
Rich Text
Instant download

Description

Credit support agreement
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FAQ

When combined monthly parental income is greater than $28,250, the guideline says parents should pay the highest basic child support obligation (listed on page 71 of the Child Support Guidelines), plus a percentage of their income over $28,250: One child: 6.81 percent. Two children: 7.22 percent.

The Guidelines are based on an Income Shares model that establishes the dollar amount of child support obligations based on the amount of parents' combined adjusted gross income and the number of children for whom the child support order is being established or modified.

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.

The Guidelines are based on an Income Shares model that establishes the dollar amount of child support obligations based on the amount of parents' combined adjusted gross income and the number of children for whom the child support order is being established or modified.

The amount you are permitted to withhold from an individual's income cannot exceed 50% of their net income (the amount after FICA, withholding taxes, and a health insurance premium that covers the child/ren have been deducted).

The unpaid amount is called ?arrears? or ?past due?. When court ordered child support is not paid, many actions can be taken. Some actions such as tax refund intercepts, license revocation, passport denial, and child support liens are done automatically.

Your Wages Can be Garnished The parent who is owed child support can have your wages garnished. This means that the money will automatically be deducted from your paycheck. Under Tennessee law, a parent can have up to 50% of his or her wages garnished to pay for child support.

Is there a statutory maximum for Child Support in Tennessee? $2,100 per month for one child. $3,200 per month for two children. $4,100 per month for three children. $4,600 per month for four children. $5,000 per month for five or more children.

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Tennessee Credit support agreement