In Florida the specific amount of child support that must be paid by a parent is governed by law. Child support is based on a mathematical formula. The information which is plugged into the formula includes the gross incomes of each party, the amount paid by each party for health care for themselves and the children, the day care expenses paid by each party, the amount of child support ordered and actually paid by either party for other children, and whether the parties are utilizing a time sharing schedule where both parties have substantial time with the children, or whether the children spend the majority of their time with one parent or the other. Substantial time sharing is where a parent has 40% or more of the overnights with a child.
Posted in: Family Law