WebWith the income shares calculation method, parents notionally contribute to a pool of funds based on their incomes and the number of children. The funds are then distributed back … WebThe new income shares model is based on real data that takes factors into account other than just the income of one parent. It calculates child support using actual child-rearing costs that are based in part on data from the Bureau of Labor Statistics.
Income Shares Model Ryan Family Law P.C. Elgin, IL
WebThe income shares model for child support was developed by economist Dr. Robert G. Williams and was based on the work of Thomas Espenshade. Espenshade analyzed the 1972–1973 Consumer Expenditure Survey to determine the costs of raising children in the United States. [1] The number of states using the income shares model is decreasing. WebMar 25, 2024 · The basic child support obligation for one child at a combined monthly net income of $5,000 is $990 per month. Mother's percentage share of the combined monthly net income is 60% ($3,000/ $5,000) and Father's percentage share of the combined monthly net income is 40% ($2,000/$5,000). camping le helles bénodet
Child Support Guidelines HFS - Illinois
WebMar 14, 2024 · Some states use an income-shares model, which means the guidelines are based on the total income of both parents. Other states use a percentage model that calculates the child support amount only on the income of the noncustodial parent. The percentage model assumes that the custodial parent is contributing toward the child’s … WebAug 26, 2024 · Income shares model —With this model, the assumption is that the child should receive the same proportion of parental income from the noncustodial parent that they would if both parents... WebThis perception that an income-shares approach is more equitable likely stems from several factors. Notably, the income-shares model considers both parents’ income in setting child support guidelines, and also includes an explicit calculation of the custodial parent’s contribution, even though that amount is never directly paid (Venohr, 2024b). camping le haras zoover