View
222
Download
2
Category
Tags:
Preview:
Citation preview
WORKSHEET CALCULATIONEXAMPLES
Basic facts:
•Mom and Dad have three kids•Dad earns $3,000 per month•Mom works part time, but could earn $1,500 per month if she’d work full time
WORKSHEET EXAMPLES
• Let’s have Dad pay $100 medical insurance premium each month
• Let’s have Mom pay $600 for daycare each month
• Let’s decrease Dad’s income to $2,000 per month • Let’s give Dad another child for whom he pays
support (does it matter if he pays $299/month or $500/month?)
• Let’s have one kid go live with Dad
Example 1A
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.
Example 1A
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.
Transfer payment is $739 per month.
Example 1A
Example 1A Page 2
Example 1B1
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.AND
Mom pays $600 per month for daycare.
Example 1B1
The standard calculation is $1133
BUTDue to the 45% limitation,
The transfer payment is $1092 per month
Example 1B1
Example 1B1 Page 2
Example 1B1 Page 3
Example 1B2
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.AND
Dad pays $100/month for the health insurance premium to cover the kids.
Example 1B2
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.AND
Dad pays $100/month for the health insurance premium to cover the kids.
The transfer payment is $668
Example 1B2 Page 1
Example 1B2 Page 2
Example 1B2 Page 3
Example 1B3
All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time.
Dad earns $3,000 per month.AND
Dad pays $100/month for the health insurance premium to cover the kids.
ANDMom pays $600 per month for daycare.
Example 1B3
All three kids live with Mom, $1,500/mo & $600/mo daycare
Dad $3,000 per month & $100/mo ins
Standard calculation is $1062No problems with 45% limit
No need standard limit
Example 1B3 Page 1
Example 1B3 Page 2
Example 1B3 Page 3
Example 1C
All 3 kids with Mom ($1,500/mo & $600/mo daycare)
Dad still pays $100/mo for insurance
BUTDad’s income went down to $2,000/mo
Example 1C
All 3 kids with Mom ($1,500/mo & $600/mo daycare)
Dad still pays $100/mo for insuranceDad’s income went down to $2,000/mo
The standard calculation is $877, butDue to 45% limitation, we go to $744.Because of the need standard,
the transfer payment is $638
Example 1C Page 1
Example 1C Page 2
Example 1C Page 3
Example 2A
All three kids live with Mom ($1,500/mo).Dad ($3,000/mo) as another child, Charlie,
from a previous relationship.Dad pays $299/mo child support for Charlie.
The standard calculation is $739, but the Whole Family Formula “deviation” takes off $112, so
the transfer payment is $627
Example 2A Page 1
Example 2A Page 2
Example 2A Page 3
Example 2A Page 4
Example 2A Page 5
Example 2B
All three kids live with Mom ($1,500/mo).Dad ($3,000/mo) as another child, Charlie,
from a previous relationship.Dad pays $500/mo child support for Charlie.
The standard calculation is $739, but the Whole Family Formula “deviation” takes off $112, so
the transfer payment is $627
Example 2B Page 1
Example 2B Page 2
Example 2B Page 3
Example 2B Page 4
Example 2B Page 5
Example 3
Two of the kids live with Mom, who earns $1,500 per month.
One kid lives with Dad, who makes $3,000 per month.
We call this arrangement “split custody.”
This is an Arvey case.
Example 3
For an Arvey calculation, you figure out each parent’s standard calculation, then set them off:
Dad’s standard calculation is $492Mom’s standard calculation is $129
Dad’s transfer payment is $363
Example 3 Page 1
Example 3 Page 2
Example 3 Page 3
Example 3 Arvey Worksheet
Recommended