Articles Tagged with income and divorce

Charlotte Divorce Attorney Matthew R. Arnold of Arnold & Smith, PLLC answers the question ” Are overtime, bonuses, and commissions included in calculating child support?”

Everyone knows that income plays a role in divorce. It can impact not only child support obligations, but also spousal support and, in some circumstances, equitable division of assets. What is interesting is that income includes more than just what you earn from working. Income can be from investments, income can be from bonuses and income can also be imputed. Imputation occurs when a court decides that a person should be given credit for earning a certain income, even if it isn’t really being earned.