If parents split and get a divorce, they should provide financial support to their children. Wisconsin law calculates child support based on the payor’s percentage of income. The paying parent’s gross monthly income is reduced by a certain percentage, depending on the number of children to support. But this may not address cases where kids spend considerable amounts of time in the houses of both parents. In such cases, extra calculations may need to be done to determine the child support obligations of the parents. If you are in this situation, you can get help here to better understand how child support works and is calculated in Wisconsin.
How Child Support is Calculated if Parents Share Placements
If both parents in Madison share physical placements of their kids, which means the kids stay with every parent for a minimum of 92 days every year, then, child support is determined based on the percentage of income standard. This can be done by multiplying the obligation of every parent by 150% to account for duplicate expenses in the houses of both parents. The child support obligation of every parent is multiplied by the time percentage their kids spend time with them. Then, the amount is offset to determine the child support amount every parent must pay Funny Names.
Let us say a couple has two kids who live with each of them 50% of the time. The first parent earns $1, 000 every month while the second parent earns $2, 500 every month. When using the income percentage standard, child support is 25 percent of the gross income of every parent. Thus, the obligation of the first parent is $250 per month while the second parent has a $625 per month obligation. After multiplying the income of every parent by 150% and 50%, the obligation of the first parent is $187.50 while the second parent has an obligation of $468.75 obligation. Subtracting $468.75 by $187.50 gives us $281.25, which is what the second parent must pay to the first parent moonrisetoday.
Working with a Child Support Attorney
Determining child support can be a complex process. Aside from calculating obligations based on the incomes of both parents, some factors may have to be taken into consideration. These include the applicability of deductions and the way the parents will share costs such as child care and medical care costs. Thankfully, a child support attorney can ensure these factors are addressed properly so that the children involved will get the financial support they need and that the parents have the resources to also meet their needs.
