Net Income

What is Net Income?

Net Income is defined as the total of all income from all sources, minus the following deductions:

1. Federal income taxes;
2. State income taxes;
3. Social Security (FICA payments);
4. Mandatory retirement contributions required by law or as a condition of employment;
5. Union dues;
6. Dependent and individual health/hospitalization insurance premiums;
7. Prior obligation of support or maintenance actually paid pursuant to a court order;
8. Expenditures for repayment of debts that represent reasonable and necessary expenses for the production of income, medical expenditures necessary to preserve life or health, reasonable expenditures for the benefit of the child and the other parent, exclusive of gifts.

Child Support A court may order either or both parents owing a duty of support to a child of the marriage to pay an amount reasonable and necessary for his support, without regard to marital misconduct.

Child Custody custody be awarded in accordance with the best interests of the child. The focus of the court is therefore on the child.

Visitation Seeking the proper amount of visitation can be a difficult task to address. There is no specific guideline other than that there be reasonable visitation to the non-physical custodial parent. 

Maintenance Maintenance is an award of spousal support, which may be permanent or temporary, in an amount which the court seems just, regardless of marital misconduct.

 

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