Child support calculator ky

Child support calculator KY in 2022

The Child Support Calculator KY currently computes child support payments using the California child support formula and offers an estimation of a possible child support award in the Commonwealth of Kentucky.

Follow www.censusoutreach.org for more details!

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Child support calculator KY

How Child Support is Calculated in Kentucky

The income shares alone technique is used in Kentucky to determine child support obligations.

Payments are based on the parent’s combined income as well as the number of qualifying children. Usually, higher payments result from more children or a higher combined income.

The proportion of each parent’s income that is transferred also affects the transfer amounts. Non-custodial parents with high salaries are those who support their children the most in Kentucky.

The biggest beneficiaries are parents with primary physical custody who are also low-income and high-earning payer.

How Child Support is Calculated in Kentucky

See more : What is child support in Missouri?

Since Kentucky lacks a clear procedure for modifying payments for the precise amount of parenting time each parent gives, we refer to the system as “income sharing only.”

As is customary with income-sharing arrangements, the rules do not include a specific description of the parent’s portion of childcare time.

Kentucky uses an income-sharing model to determine child support payments that takes into account gross monthly income and child health insurance premiums.

Parenting time is not listed as a justification for deviating from the state requirements in the guidelines. The specific family court will decide whether to modify child support.

Kentucky Child Support Calculation Formula Methods

A mutual support agreement between the parents can be used to determine child support outside of court, or a child support order can be issued by a Kentucky family court to determine child support.

The amount of child support ordered by the court in Kentucky is determined by a number of variables.

Income Share Method

Under the income share model, the court estimates the overall monthly cost of raising the children using economic tables.

See more : Where is my child support tax refund?

Based on their proportionate part of both parents’ total income, the non-custodial parent contributes a portion of the cost that has been determined..

Kentucky Child Support Calculation Formula Methods

Example: One child has a non-custodial parent who earns $2,000 per month and a custodial parent who earns $1,000 per month. One child’s upbringing is thought to cost $1,000 per month, according to the court.

The income of the non-custodial parent represents 66.6% of the parents’ combined total income. As a result, $666 per month, or 66.6% of the total amount due in child support, is paid by the non-custodial parent.

Percentage Of Income Method

In this straightforward way of determining child support, a predetermined portion of the non-custodial parent’s monthly income is given to the custodial parent to cover essential child support costs.

Percentage Of Income Method

Depending on how much the non-custodial parent makes, the percentage paid may remain the same or alter.

Example: One youngster has a non-custodial parent who earns $2,000 a month. The non-custodial parent is required to pay the custodial parent child support at a set rate of 25% of their income.

As a result, the non-custodial parent makes a monthly child support payment of $500. The amount of child support paid by the non-custodial parent will alter if their monthly income does.

Source: https://www.censusoutreach.org
Category: Child Support

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