NYC Child Support Formula:
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The NYC Child Support calculation determines the financial support payment from one parent to another based on income and the applicable support rate percentage as per NYC guidelines.
The calculator uses the basic child support formula:
Where:
Explanation: The calculation multiplies the parent's income by the legally determined support rate percentage to determine the child support obligation.
Details: Accurate child support calculation ensures fair financial support for children while considering the paying parent's ability to pay.
Tips: Enter income in dollars (before taxes) and the applicable support rate percentage. All values must be positive numbers.
Q1: How is the support rate determined in NYC?
A: The rate depends on number of children, custody arrangement, and other factors as per NYC Child Support Standards Act.
Q2: What income is considered for calculation?
A: Generally includes wages, bonuses, commissions, and other regular income sources.
Q3: Are there adjustments to the basic calculation?
A: Yes, factors like health insurance costs, childcare expenses, and other children may adjust the final amount.
Q4: How often should child support be recalculated?
A: Typically when there's a significant change in income (≥15%) or every 3 years.
Q5: Where can I find official NYC child support rates?
A: Consult the NYC Family Court website or a family law attorney for current rates.