6 Locations Across Wisconsin

What is income for child support purposes?

by | Jan 28, 2015

Gross income means all of the following:

1.    Salary and wages

2.    Interest and investment income

3.    Social security disability income

4.    Old age insurance benefits

5.    Net proceeds from workers compensation or other personal injury awards intended to replace income.

6.    Unemployment insurance

7.    Voluntary deferred compensation

8.    Profit sharing

9.    Employee contributions to any pension or retirement account

10.    Military allowances and veterans benefits

11.    Undistributed income of a corporation

12.    A reasonable allowance for economic depreciation – which means the amount of depreciation on assets computed using the straight-line method and useful lives as determined under federal income tax laws and regulations

Written by Linda Vanden Heuvel

Linda is a skilled litigator but also has the ability to negotiate favorable settlements on behalf of her clients. She saves her clients time, money, and emotional distress through settlement negotiations.
Divorce | Family Law

24 Hour Access

Related Articles