Econ_Dad
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Reged: 10/11/11
Posts: 6
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Re: Child Support Modification
10/12/11 01:04 PM
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Hi, Sherron,
Here's an MI example from that advanced calculator:
2 parents with total net income of $10,000 per month (imagine roughly two tenured teachers in MI for a benchmark).
2 children.
75 NCP overnights (assumed for half weekends/vacations/holidays)
Monthly total base amount of $2332 before child care or medical.
CP credit: $2292.72 per month, or an average of $94.87 each of 290 days before child care and medical are added.
NCP's parental time offset: $39.66 reduction in support payments regardless of relative incomes, or an offset credit of $6.35 each of 75 weekends/holidays/vacations.
In my opinion, whether you consider a given support payment too low or too high, it's important to know not only the amount of the monthly "check," but also the financial/economic implications behind that amount. I'd love to share the link with you so you can run your own examples, but apparently my hands are tied.
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