How is Child Support Calculated?
Child support is calculated using jurisdiction-specific formulas in most countries.
In countries like Australia for example, child support is calculated using a formula that considers the income of both parents, the number of children in the family, and the ages of the children.
Each parent’s child support percentage is then calculated, then the costs of the child are determined by factors such as the parent’s income, the number of children they have, and the ages of the children.
The last step is to determine the annual rate of child support for the child.
By Jumoke Odepe