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Reset Print CHILD SUPPORT COMPUTATION SUPPLEMENTAL WORKSHEET Parent A Parent B WORKSHEET S5 (PRIVATE HEALTH CARE COVERAGE COSTS) Use this worksheet to determine if the cost of private health care
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How to fill out child support worksheet s-5
How to fill out child support worksheet s-5:
01
Gather all necessary information: Start by collecting all the relevant financial information, including income statements, tax returns, and any documentation related to child care expenses, health insurance, and other relevant expenses.
02
Determine the parents' income: Calculate both parents' gross monthly income, including salary, bonuses, commissions, rental income, and any other sources of income. It's important to be accurate and comprehensive in reporting all income.
03
Deduct allowable expenses: Subtract allowable expenses such as federal and state income taxes, social security taxes, union dues, and mandatory retirement payments from each parent's gross income.
04
Calculate the combined adjusted gross income: Add both parents' adjusted gross income to determine the combined adjusted gross income.
05
Determine the percentage of each parent's contribution: Divide each parent's adjusted gross income by the combined adjusted gross income to determine their individual percentage share.
06
Determine the child's basic support obligation: Refer to the child support guidelines specific to your location to ascertain the child's basic support obligation based on the combined adjusted gross income and the number of children involved.
07
Allocate the basic support obligation: Multiply the child's basic support obligation by each parent's percentage share to determine their individual share of the support obligation.
08
Consider additional factors: If there are additional expenses such as child care, health insurance, or educational expenses, allocate those costs based on each parent's percentage share.
09
Calculate the child support obligation: Sum up each parent's share of the basic support obligation and any additional expenses to determine the total child support obligation.
10
Review and submit the worksheet: Double-check all the calculations and ensure that all required information is accurately provided. Sign and submit the completed child support worksheet s-5 to the appropriate authority.
Who needs child support worksheet s-5?
Child support worksheet s-5 is typically required in cases involving child support proceedings. It is used by parents, attorneys, and the courts to determine the amount of child support to be paid by each parent. The worksheet is also commonly used by child support enforcement agencies, mediators, and other professionals involved in family law matters. Its purpose is to establish a fair and consistent methodology for calculating child support obligations based on the relevant financial information of the parents.
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What is child support worksheet s-5?
Child support worksheet s-5 is a legal form used to calculate child support payments based on the income of both parents.
Who is required to file child support worksheet s-5?
Both parents involved in a child support case are required to file child support worksheet s-5.
How to fill out child support worksheet s-5?
Child support worksheet s-5 is typically filled out by providing income information and expenses related to the child in question.
What is the purpose of child support worksheet s-5?
The purpose of child support worksheet s-5 is to determine a fair and reasonable amount of child support to be paid by one parent to the other.
What information must be reported on child support worksheet s-5?
Income, expenses, and any other financial information relevant to the calculation of child support must be reported on child support worksheet s-5.
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