Minnesota Child Support
There are statutory guidelines that determine how much child support is appropriate for a child. Both parents contribute toward the financial support of the children based upon their proportional share of their combined gross incomes and the number of overnights the children spend with each parent. Childcare and health care premiums are figured separately.
The three components of basic child support, childcare costs and health insurance premiums are added together to get the total amount of child support owed each month. That figure is multiplied by each parent’s percentage of total gross income. The larger amount is offset by the lesser amount and the difference is the net child support paid to the parent who keeps the child at his or her residence the majority of the time.
However, figuring child support is not simply about looking at a chart, it is about accurately assessing a person’s income. When a person is self-employed and has a large business, determining gross or net income can become a complex task. Perusse Family Law & Mediation Services understands how businesses report income and expenses and we partner with respected forensic accountants to prove the bottom line.