Calculating Child Support – The Basics
Transcript
Calculating child support in Florida is probably not done the way you think it is. Today I’m here to share with you how it is actually done in a Florida divorce or paternity case.
Hi, everyone. I’m A.J. Grossman, CEO and Managing Attorney with LeapFrog Divorce. My entire legal career has been dedicated to helping people with divorce and paternity cases. At LeapFrog Divorce, we do divorce better.
Okay, let’s go.
Income for child support includes more than just your paycheck.
Believe it or not, there’s an extensive list of possible sources of income to be used to calculate child support. In some cases, it could include interest and dividend income, bonuses, commissions, allowances, overtime, tips, gifts, business income, retained earnings, disability benefits, workers’ compensation benefits, legal settlements, unemployment, pension, retirement, annuity payments, Social Security benefits, spousal support from a previous marriage, or ordered in your current divorce case, rental income, royalties, trusts, and reimbursed expenses.
Wow, that’s a long list, isn’t it?
Let me give you a few examples of child support amounts, currently in 2022.
For a family with two children and a family income of $10,000 per month, the total child support amount owed to the two children would be about $2,228.
For a family with four children and a family income of $10,000 per month, the total child support amount would be about $3,148.
For a family with four children and a family income of $5,000 per month, the total child support amount would be $2,188.
There are quite a few considerations when trying to figure out how to calculate child support, and it can get rather complex depending upon your situation.
There isn’t enough time to discuss all the possible situations, so I encourage you to reach out to me with any questions you might have. I’d be happy to help.
That’s it for now. Have a wonderful day.