I am the sole wage earner although my wife has an advanced degree and could work. My compensation has a significant portion that is year end “bonus” which could range from 0 to 60% of my base salary.
- To establish a base wage for support purposes do I use my base salary or do I need to average a umber of years actual earnings from tax forms?
- To maintain her current standard of living and pay child support I would be paying >70% of my take home pay. How is “standard of living” determined?