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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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  #11 (permalink)  
Old 01-27-2017, 12:00 PM
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Join Date: Mar 2016
Location: Kingston, ON
Posts: 182
Bellbaby is on a distinguished road

That makes sense then actually. Prevents driving up costs but also helps out of needed
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  #12 (permalink)  
Old 01-27-2017, 12:11 PM
Join Date: Feb 2016
Posts: 1,681
trinton has a little shameless behaviour in the past

if it is deemed an S7 expense (ideally with consultations and agreements between both parents), then the forumla to calculate it is by the percentage of your incomes

Parent A makes $80,000 a year
Parent B makes $25,000 a year

You add incomes $80K + $25K = $105K

Divide each parents income by total to get percentage

Parent A: 80/105 = 76%
parent B: 25/105 = 24 %

So if the expense is $150 a month, then

PARENT A: = 150 * 0.76 = $114
Parent B: = 150 * 0.24 = $36
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