Business & Finance Personal Finance

How to Calculate Alimony in Virginia

    • 1). Calculate the income of both parties involved in the divorce or separation. Determine which of the parties has the higher income. For example, let's look at Bob and Sally's situation. Bob earns $100,000 a year and Sally earns $30,000 a year. So, Bob has the higher income.

    • 2). Multiply the higher income by 0.30 (30 percent). Multiply the lower income by 0.50 (50 percent). In our example 30 percent of Bob's income is $30,000 and 50 percent of Sally's income is $15,000.

    • 3). Subtract 50 percent of the lower income from 30 percent of the higher income. The earner of the higher income should pay the earner of the lower income this amount each year. Subtracting 50 percent of Sally's income from 30 percent of Bob's income, or $30,000 minus $15,000, equals $15,000 that Bob owes Sally each year.

SHARE
RELATED POSTS on "Business & Finance"
Can I Fund an IRA if I Have a 403b?
Can I Fund an IRA if I Have a 403b?
How to Raise a Credit Score in a Shorter Time
How to Raise a Credit Score in a Shorter Time
Can I Withdraw From My Pension Plan If I Leave the Company?
Can I Withdraw From My Pension Plan If I Leave the Company?
How to Describe the Curve of Exponential Growth
How to Describe the Curve of Exponential Growth
Government Assistance Pell Grants
Government Assistance Pell Grants
Optometry Scholarships & Grants
Optometry Scholarships & Grants
How to Invest in a Microloan
How to Invest in a Microloan
Most Affordable Place to Live & Retire in the U.S.
Most Affordable Place to Live & Retire in the U.S.
Facts About IRA Saving Accounts
Facts About IRA Saving Accounts
Can You Increase Social Security Benefits by Working After Collecting Social Security?
Can You Increase Social Security Benefits by Working After Collecting Social Security?
The Only Way To Trade Exponential Moving Average
The Only Way To Trade Exponential Moving Average
How to Fix a Bad Credit File
How to Fix a Bad Credit File
Can You Withdraw Funds From a Traditional IRA to Pay Your College Tuition?
Can You Withdraw Funds From a Traditional IRA to Pay Your College Tuition?
How to Open a Free Secured Bank Account Online
How to Open a Free Secured Bank Account Online
Government Grants for Home Improvement for Low Income People
Government Grants for Home Improvement for Low Income People
Does Checking Your Credit Report Lower Your Score?
Does Checking Your Credit Report Lower Your Score?
Legal Consumer Credit Counseling
Legal Consumer Credit Counseling
Reverse Repurchase Agreement Definition
Reverse Repurchase Agreement Definition
How to Calculate Equity Dilution
How to Calculate Equity Dilution
What Effects My Credit Score?
What Effects My Credit Score?

Leave Your Reply

*