A lot of times, people call and they ask what percentage of their income they have to pay as child support. In the state of Tennessee, the law changed several years ago, and it’s no longer a percentage of your income, but rather it’s done on a Microsoft Excel spreadsheet, wherein certain factors are plugged in; and based on those numbers, there’s a formula in that spreadsheet, and it tells you how much the child support will be that you have to pay. It’s important that if you are facing a situation where you think you may have to pay child support, that you contact an attorney who knows how to run those numbers.
You can contact me. My name is Mandy Hancock. I’m at Banks & Jones. Our phone number is (865) 546-2141. You can also find us at banksjones.com, and we’re happy to serve the Knoxville and Greater East Tennessee area.