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Annualize Paid Amounts

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Annualize Paid Amounts

Monthly figures are used to calculate the child support obligation. Any adjustments to the child support amount shall be annualized so that the child support obligation every month is increased or decreased in an equal amount, instead of the obligation for particular months being abated, increased or decreased. Example: A parent incurs childcare costs of $150 per month, but only for nine months of the year. Multiply $150 by nine for a total of $1350. Divide $1350 by 12 months to arrive at an annualized monthly adjustment of $113.

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