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WORKSHEET CALCULATION EXAMPLES Basic facts: Mom and Dad have three kids Dad earns $3,000 per month Mom works part time, but could earn $1,500 per month if she’d work full time . WORKSHEET EXAMPLES. Let’s have Dad pay $100 medical insurance premium each month
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WORKSHEET CALCULATION EXAMPLES Basic facts: Mom and Dad have three kids Dad earns $3,000 per month Mom works part time, but could earn $1,500 per month if she’d work full time
WORKSHEET EXAMPLES • Let’s have Dad pay $100 medical insurance premium each month • Let’s have Mom pay $600 for daycare each month • Let’s decrease Dad’s income to $2,000 per month • Let’s give Dad another child for whom he pays support (does it matter if he pays $299/month or $500/month?) • Let’s have one kid go live with Dad
Example 1A All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month.
Example 1A All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month. Transfer payment is $739 per month.
Example 1B1 All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month. AND Mom pays $600 per month for daycare.
Example 1B1 The standard calculation is $1133 BUT Due to the 45% limitation, The transfer payment is $1092 per month
Example 1B2 All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month. AND Dad pays $100/month for the health insurance premium to cover the kids.
Example 1B2 All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month. AND Dad pays $100/month for the health insurance premium to cover the kids. The transfer payment is $668
Example 1B3 All three kids live with Mom, who works part time, but could earn $1,500/month if she worked full time. Dad earns $3,000 per month. AND Dad pays $100/month for the health insurance premium to cover the kids. AND Mom pays $600 per month for daycare.
Example 1B3 All three kids live with Mom, $1,500/mo & $600/mo daycare Dad $3,000 per month & $100/mo ins Standard calculation is $1062 No problems with 45% limit No need standard limit
Example 1C All 3 kids with Mom ($1,500/mo & $600/mo daycare) Dad still pays $100/mo for insurance BUT Dad’s income went down to $2,000/mo
Example 1C All 3 kids with Mom ($1,500/mo & $600/mo daycare) Dad still pays $100/mo for insurance Dad’s income went down to$2,000/mo The standard calculation is $877, but Due to 45% limitation, we go to $744. Because of the need standard, the transfer payment is $638
Example 2A All three kids live with Mom ($1,500/mo). Dad ($3,000/mo) as another child, Charlie, from a previous relationship. Dad pays $299/mo child support for Charlie. The standard calculation is $739, but the Whole Family Formula “deviation” takes off $112, so the transfer payment is $627
Example 2B All three kids live with Mom ($1,500/mo). Dad ($3,000/mo) as another child, Charlie, from a previous relationship. Dad pays $500/mo child support for Charlie. The standard calculation is $739, but the Whole Family Formula “deviation” takes off $112, so the transfer payment is $627
Example 3 Two of the kids live with Mom, who earns $1,500 per month. One kid lives with Dad, who makes $3,000 per month. We call this arrangement “split custody.” This is an Arvey case.
Example 3 For an Arvey calculation, you figure out each parent’s standard calculation, then set them off: Dad’s standard calculation is $492 Mom’s standard calculation is $129 Dad’s transfer payment is$363