Q: If both parents work and have agreed to a 50/50 custody of the children, is child support still required?
My income as a father is greater than hers, will I still be required to pay child support if I petition for a 50/50 custody, and agreement thats already been made by both sides?
A: Child support is calculated using an algebraic formula in the form of a computer program. The percentage of time each parent has custody is but one factor used to calculate support. In addition, the parties' respective income, certain deductions from income, health insurance premiums and other potential additions or deductions from income are also factored in. Without having that information, it's impossible to know whether you will have to pay support or not and what that amount may be.
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