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Child support orders may earmark funds for specific items for the child, such as school fees, day care, and medical expenses. In some cases, obligors parents may pay for these items directly. For example, they may pay tuition fees directly to their child's school, rather than remitting money for the tuition to the obligee. [27]
Calculations is related with how much money is necessary to grow a child in that a certain country. There are too many factors for calculating the amount of cost which child should receive each month: Adjusted gross income of parents, special needs the child can have, including mental or physical illnesses which may require the parents, time that parents spend with the children, medical costs ...
In the United States, child support is the ongoing obligation for a periodic payment made directly or indirectly by an "obligor" (or paying parent or payer) to an "obligee" (or receiving party or recipient) for the financial care and support of children of a relationship or a (possibly terminated) marriage.
The IRS is on track to send the monthly advanced payments for the Child Tax Credit starting in July. The payments are worth up to $300 per child.
A new method of child maintenance calculation came into effect on 3 March 2003. The previous method used a "complex formula of up to 108 pieces of information", [3] by first calculating the total child maintenance required based on the children's ages, then calculating the non-resident parents income after various allowances were subtracted, and finally working out what portion of the ...
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Child maintenance fees are typically based on various factors, [6] including the income of the parents, number of children, and specific guidelines or laws in your jurisdiction. You have to pay a fee each time you make or receive a regular child maintenance payment under the "Collect & Pay" Service. The fee is:
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