Monday, April 14, 2014

NEW YORK Part 62

In our example, the court would multiply $50,000 x .17 = $8,500. That product ($8,500) is the basic child support obligation. You would be responsible for 40% of that figure ($3,400) because your income ($20,000) makes up 40% of the combined parental income ($50,000). The other parent would be on the hook to pay 60% ($5,100). This means that the other parent would have to make payments to you over the course of the year that add up to $5,100. Because you have physical custody most of the time, the court will presume that you are spending your share directly on your child’s expenses.

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