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What is the gross income for purposes of calculating child support?

April 26, 2017calculating child support gross income purposes

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What is the gross income for purposes of calculating child support?

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Gross income means all income from whatever source derived, including but not limited to: Compensation for services, including fees, commissions, fringe benefits and similar items; gross income derived from business; gains derived from dealings in property; interest; rents; royalties; dividends; alimony and separate maintenance payments; annuities; income from life insurance and endowment contracts; pensions; income from discharge of indebtedness; distributive share of partnership gross income; income in respect of a decedent; and income from an interest in an estate of trust.

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Gross income means all income from whatever source derived, including but not limited to: • Compensation for services, including fees, commissions, fringe benefits and similar items; • Gross income derived from business; • Gains derived from dealings in property; • Interest; • Rents; • Royalties; • Dividends; • Alimony and separate maintenance payments; • Annuities; • Income from life insurance and endowment contracts; • Pensions; • Income from discharge of indebtedness; • Distributive share of partnership gross income; • Income in respect of a decedent; and • Income from an interest in an estate of trust.