In the shared custody or split custody system, one of the parents needs to pay for the better development and everyday expenses of the child. A child support calculator gives you a proper figure of the amount to be paid for child support by anyone of the parents.
There are specific guidelines for the court to decide on an amount for the child maintenance and a few factors that influence this contribution in the calculator.
The court considers three factors that determine the amount to be paid for child support in a shared custody system.
It follows these parameters to calculate the figure:
There are many online options where any parent can calculate the amount of child funding. These calculators are designed to put your information that the court uses as parameters and if the information match with the provincial table of child provision amount, you can be mentally prepared to pay child ailment and gain the shared custody of your child.
The steps to calculate the amount are as follows:
There are two basic models to calculate the child maintenance amount.
The combined monthly income of the parents and the number of children is used in this method. Then the court uses the parents’ relative contribution to the combined income amount to divide child support amount.
This method uses a percentage rate of the parents’ earning. Some state uses a flat rate too to determine the child funding amount.
In a situation where one parent has an unusual amount of access to the child, the child ailment amount can be altered by filing a petition in the court. This cost of high access should be determined to calculate the proper amount of child welfare.
Many parents argue that the costs related to high access to one parent should decrease the child support amount for the other parent. In contrast, some complain that the amount should increase due to high access costs as the child is not getting enough time and care from one of the parents.
When one parent does not use his/her access to the child, the amount of child ailment will be compensated to an amount different than the usual amount. This affects the child support amount as the unused access may cause the parent to pay more amount due to the other parent taking care of the child more than he/she was supposed to.
While you may apply for 50-50 custody, the court might decide child custody of anything different than that. In situations like that, the amount alters according to the parenting time offered to each parent.
In some cases, where both parents have equal parenting time as well as almost identical income, parents may not need to pay any child provision. This is a particular case scenario and usually occurs with a mutual agreement between the co-parents of the child.
Calculating the child support amount is not that complicated. Once an agreement is reached between the parents on the child custody system, the child support calculator can be used to determine the child ailment amount easily.