Hey all....
I've got a question regarding section 7 expenses with imputed income on the recipient.
Ex has physical custody, and has income imputed against her. She earns ~$10,000 yr but has an imputed income of ~$30,000 yr. The difference is by her choice, she fully admitted to not wanting to work during a deposition.. it was pure gold. And a settlement was reached a few days later.
She receives around $2,500 a month in spousal support from me. Plus about another $1,000 in child support.
In calculating section 7 expenses, how is the tax credit for day care handled?
Is there anyone else on the board whom has done this calculation for imputed income by the recipient? ie should the tax credits be calculated as if she makes $30,000 + (12x$2,500) = $60,000 as opposed to $40,000 which is a lower tax bracket, etc...
Thanks!
I've got a question regarding section 7 expenses with imputed income on the recipient.
Ex has physical custody, and has income imputed against her. She earns ~$10,000 yr but has an imputed income of ~$30,000 yr. The difference is by her choice, she fully admitted to not wanting to work during a deposition.. it was pure gold. And a settlement was reached a few days later.
She receives around $2,500 a month in spousal support from me. Plus about another $1,000 in child support.
In calculating section 7 expenses, how is the tax credit for day care handled?
Is there anyone else on the board whom has done this calculation for imputed income by the recipient? ie should the tax credits be calculated as if she makes $30,000 + (12x$2,500) = $60,000 as opposed to $40,000 which is a lower tax bracket, etc...
Thanks!
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