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How Is Net Income Determined?

April 26, 2017net income

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How Is Net Income Determined?

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To calculate the net income, we typically ask the payor to produce his or her last paycheck or W-2 form. However, a paycheck or W-2 may not present a complete or accurate picture of a person’s income. For example, a business owner may have control over how much income appears on a paycheck or W-2 form, so the child support calculation may be too low. If the payor received a significant bonus or commission payment in the previous pay period, the child support calculation may be too high. As your lawyer, I will work to ensure that net income reflects a true picture of your former spouse’s ability to pay child support. Learn more about child support modifications.Free attorney consultation: To discuss child support with me, lawyer Sharon Merrick, call 972-591-2323 or fill out the contact form on this Web site.