Rhode Island Divorce Tips - Child Assistance Arguments for Self Employed
Rhode Island child support is calculated based on the parents' gross income. This may or may not be the best way to calculate child support because parent costs (sometimes mandatory and uncontrollable expenses) are not taken into account in the standard calculations, but in reality total It is based on income. What happens when parents are self employed? The contractor may have one or more contracts, for example, where the contractor receives advance payment of material for work from the customer. Prepayment of materials is usually part of total revenue for the purpose of calculating subscriber's income for tax purposes. Suppose the contractor takes these five jobs in a year, we assume that you prepay the contract material and pay a total of $ 47,000. Also assume that this Rhode Island contractor has 17 other jobs and income is $ 124,000. This means technically it is paying $ 171,000 to the subscriber. According to Rhode Island's Children Support Gui...