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lectur2-page15 - may be mandated by a separation agreement...

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Now let’s take a look at the cost of raising a child from a slightly different perspective. Let us assume that you have a child out of wedlock, or you have a child during marriage but unfortunately get divorced from your spouse. Also assume that the child is living with your ex-spouse or partner. You will probably have to pay some child support. The situation in the slide is an actual case that is representative. The circumstances of each case are however unique. The State of North Carolina uses a formula based on tax records and the amount of support that
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Unformatted text preview: may be mandated by a separation agreement to calculate child support may be mandated by a separation agreement to calculate child support requirements. In this case, the non-custodial parent was earning $40,200 gross income, and the custodial spouse was earning slightly less than this amount. The child support came to $790.00 per month for both children. That amounts to $4,740 per child per year or $85 320 per child over an 18 year period or $85,320 per child over an 18 year period. 15...
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