Are child support payments based on income?
In North Carolina, child support payments are typically based on the income of the parents. The amount of support paid is determined by a set of guidelines known as the North Carolina Child Support Guidelines. This formula is used to ensure that child support payments are fair and that each parent provides a proper level of support for the needs of the child. The guidelines consider the income of each parent, the amount of time the child spends with either parent, the cost of health insurance for the child, day care expenses, extraordinary expenses, and more. The court will also look at the number of children both parents are responsible for, as well as the age of the children. Income is an important factor when calculating child support payments. A parent’s income from all sources, including wages, bonuses, disability benefits, workers’ compensation benefits, and self-employment income is taken into consideration. The court will also consider whether the parent is voluntarily unemployed or underemployed. The court will also consider the child’s best interests when determining the amount of child support payments. In some cases, the court may determine that the income of one parent is significantly greater than the other, and will order a corresponding increase in child support payments. In addition, a court may also modify the amount of child support payments if the parents’ income or circumstances change.
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