How to calculate child support payments

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Function

Child support is paid to the custodial parent to help pay for the daily living expenses for the children. This could include food, shelter, utilities, school supplies, medical bills and more. It is not, however, intended to pay for the expenses of the custodial parent.

Average

According to the U.S. Census Bureau, as of April 2008, the average monthly child support was $280. The total of all child support owed nationally per year is more than $34 billion.

Warning

According the Census Bureau, less than 63 percent of all child support payments are ever paid. The consequences of not paying child support are serious. The courts can impose fines of up to $500 and place the offender in jail for up to six months.

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Source: ehow.com

Category: Bank

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