In my last post in this blog series, I discussed the broad range of items that can be considered gross income for the purposes of calculating a child support obligation in Michigan. Readers also learned that 'net income' for purposes of child support calculations are not the same as net income as it is defined by federal and state tax laws.
Next, we're going to briefly discuss how an award of parenting time can effect a parent's child support obligation.
For those of you just looking for the easy answer, here is the formula:
Seriously though, the formula isn't easy to understand. I haven't included what the various parts of the formula are, because A) I don't want to mislead people and, B) there are some free calculators online that will do the math for you.