Child support is an issue that must be addressed whenever minor children are involved. Child support is usually calculated by what is referred to as the Percentage Standards, which are calculated as a percentage of gross income factoring in the number of children, the placement time with each parent, and each parent’s income if appropriate. Consideration is also given to what is referred to as variable costs, which can include but are not limited to tuition and child care.
An important issue in calculating child support is a determination of each party’s income. Those figures are then used as the basis for calculating the support. In certain circumstances, the assistance of a forensic accountant is needed in order to determine a party’s income.