Monday, April 14, 2014

NEW YORK Part 30

If both parents share custody does anyone pay child support?


Yes. Under New York’s Child Supports Standards Act, child support is to be paid by the non-custodial parent to the custodial parent based upon the formula set up by the State, which is a percentage of your gross income after deductions for your FICA withholdings (which is 7.65% of your income). The non-custodial parent is the parent who has less than 50% of the physical custodial time with the child.

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