Sentences with phrase «income shares formula»

South Carolina uses the income shares formula to calculate child support.

In states that do not use the income shares formula, child support is a percentage of the non-custodial parent's take home pay based on the number of children who need support.

Under the income shares formula, child support is based on a percentage of the combined income of both parents.

More than 30 states use the income shares formula when calculating child support in a divorce that involves children.

The state uses the «income shares formula,» meaning the court will consider the income and income potential of both parents.

Not exact matches

Social Security represents a substantial share of income for the bottom quintile but is less important for higher - earners — reflecting the progressive nature of the benefit formula and the fact that higher - earners have many other sources of income — whereas private retirement income is less important at the low end but is more important for middle and upper - income groups (those at the very top mostly rely on investment or business income).

In some states, after the total support obligation is acknowledged, the parent who has the greater income or share of child support obligation may be considered the «non-custodial parent,» and therefore will have to pay that share to the other parent, unless the formula will yield a result that is unfair.

The association also says the bill's new formula for the federal government's share of Medicaid — known as the «per capita cap» — would end Medicaid as an open - ended entitlement and impose limits on payments to hospitals for low - income patients.

The total return is calculated using the comparative value formula in section EX 44 of the Income Tax Act 2004: (closing market value of shares held + total sales proceeds + dividends received)- (opening market value of shares held + total value of purchases) No tax is payable when the total return is nil or negative.

Heavy overdrafters generally have below - average incomes relative to the U.S. population, and overdraft fees consumed nearly a full week's worth of their household incomes on average during the past year.17 This formula — a small share of consumers overdrawing most frequently and assuming disproportionate fees on small transactions — means that overdrafts cause some of the most financially at - risk consumers to leave the banking system.

Unlike the child support guideline, the spousal support formula was not based upon the Income Shares Model.

Many times there is a formula used (like here in New Jersey where we use the «income shares» model of the New Jersey Child Support Guidelines) which may differ from state to state, that includes certain considerations such as the income of both parents and the cost of things like childcare and health insurance.

The most common formula for determining child support is called the income shares model.

Unlike the other formula commonly used, the income - shares model takes into account the income of both spouses.

Each state uses one of three models to determine child support payments: the Income Shares Model, Percentage of Income Model or Melson Formula.

A small number of states use the Melson formula, which is similar to the income shares model, but also considers the financial needs of the parents.

The Melson Formula considers more factors than the Income Shares Model and ensures each parent's basic needs are covered in addition to the child's.

The formula used in the guidelines to determine each parent's support obligation is based on the combined income of both parents, and then determines each parent's prorated share of the base support amount.

More states now use an income shares model or Melson formula to calculate child support.

States that use this method and the Melson formula, which is similar to the income shares model, consider both parents» incomes when assigning a support amount.

In some states, after the total support obligation is acknowledged, the parent who has the greater income or share of child support obligation may be considered the «non-custodial parent,» and therefore will have to pay that share to the other parent, unless the formula will yield a result that is unfair.