Monday, May 5, 2014

WEST VIRGINIA Part 16

Income

To find out what your percentage of child support will be, you must know the gross income and adjusted gross income of both parents. Gross income is all earned and unearned income. This includes wages or salary, commissions, bonuses, tips, and profits. It can also be interest earned on a particular asset (a savings account for example), business expense accounts, and stock dividends, among other things.

If you have not earned a paycheck for a while, it’s likely you still have gross income because social security benefits, unemployment benefits, workers’ compensation, spousal support (that is, if you receive it) and even lottery winnings all count as income for child support purposes. A court might include other income sources as well. When deciding whether income will be included as gross income, a court will look at whether this money would have been available to help raise the child if the family had stayed together or been formed in the first place.

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