One of the most common questions I get is "how much child support will the non-custodial parent have to pay?"
Illinois Courts determine child support payments by using a percentage formula:
Number of Children
Percentage of Supporting Party’s Net Income
1 child 20%
2 children 28%
3 children 32%
4 children 40%
5 children 45%
6 or more 50%
Net income is defined as total income from all sources minus the following deductions:
1. Federal and State Income tax property calculated
2. Social Security payments
3. Union dues
4. Mandatory retirement contributions required by law or as a condition of employment
5. Dependent and individual health/hospitalization insurance premiums
6. Prior obligations of support or maintenance actually paid pursuant to a Court order
7. 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 and exclusive gifts.
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1 comment:
Interesting, how would one live with 50% of their net income removed from every pay check? This also wouldn't include the "mandatory" health insurance coverage in Illinois for parents on public assistance.
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