Calculation of child support - How does earning severance from former employer figure into support calculations.
My Ex and I have an agreement for the !st 3 yrs post-div. that we will revisit our W2 earnings annually in order to recalculate child support.
In 14', I was laid off from my employer and was fortunate to immediately land new position..hence I was able to receive severance and was also paid by new employer.
In tax year 2014, my gross income was significantly higher due to receiving severance. In May 15' we recalculated our support and my obligation literally doubled.
Though new salary is similar to what I was earning at my former job(prior to layoff), my child support is based on much higher earnings due to gross 2014 earnings.
Ex was also on disability in 14'...hence her 14' earnings are roughly 20% less...though she's recovered and earning 100% - further widening the gap for gross 14'
