The formulas apply equally to all parents who apply for child support within the state. The Income Shares Model The income shares model is based on the assumption that children should receive the same financial support from their parents as they would have enjoyed if their parents had remained together. The incomes of both parents are included in the calculations. Forty-one states used this formula as of 2020. Calculations begin with how much it costs to raise a child in that particular jurisdiction....

Find out more about choosing who will receive your IRA and how these plans can pass on or be used by your heirs. Completing Beneficiary Designation Forms When you open these accounts, you fill out forms, which are used to dictate how the money in the account will be dealt with upon your death. The names you put on your forms override what you have in your will or trust (if you have one)....

Any car salesperson will try to get as much for the car as possible; their job relies on commissions, after all. Thankfully, knowing which fees to expect and what fees to challenge will help save you a lot of money. Unavoidable Fees The following are fees that you will have to be prepared to pay when buying from a car dealership. Destination charge: Your car has to make its way from the manufacturer to the dealership, and the dealership is going to ask you to cover the costs of getting it there....

The boom in prices has created unprecedented wealth for homeowners, but put homeownership farther out of reach for those not in the club. The sky-high prices of the pandemic era were hard enough on prospective buyers before a spike in mortgage rates this spring made purchases that much less affordable, sapping the volume of home sales in the U.S. Experts predict the decline in demand, which has already begun to replenish the number of for-sale listings, will start to impact prices too....

You may not realize it, but you’re automatically agreeing to the terms in your credit card agreement when you accept the credit card. What the credit card issuer says, goes. There’s not much room for negotiation. The credit card issuer can change the credit card terms at any time, with advance notice. Continuing to use your credit card means that you agree to the changes in the terms. What’s in a Credit Card Agreement Credit card agreements aren’t the easiest to read....

Donchian Channels are useful for highlighting trends as well as ranging periods when day trading. There is also the option to add a third line between the upper and lower lines. This mid-band is an average of the upper and lower channel lines. The indicator works on all time frames, such as one-minute or five-minute charts (in which a bar forms every one or five minutes), and it can be applied to forex, stocks, options, or futures markets....

Potential Fees At first glance, fees might make you favor debit cards as you evaluate debit vs. credit cards. The worst fee you may find in a typical debit card is a potential POS fee—charged when you use your PIN number for purchases with a retailer. While the tide is shifting away from banks charging those fees, you may still encounter them. Prepaid debit cards are another story altogether because they are not pure, bank-linked cards....

If, for instance, your company has a debt-to-asset ratio of 0.55, it means some form of debt has supplied 55% of every dollar of your company’s assets. If the debt has financed 55% of your firm’s operations, then equity has financed the remaining 45%. A high debt-to-assets ratio could mean that your company will have trouble borrowing more money, or that it may borrow money only at a higher interest rate than if the ratio were lower....

If Donald Trump had been able to keep his campaign promise, he would have beaten the current record-holder, President Bill Clinton, who created 18.6 million jobs during his two terms. To create those jobs, Trump told the Economic Club of New York he wanted to establish a national goal of 4% economic growth. Let’s look at the details of his policies and how they’ve worked during his term. COVID-19 and the Economy Trump created 6....

This article will take a deeper look at DigiByte, how the platform works, and how to invest in the cryptocurrency. Learn more about DigiByte so you can decide if it makes sense for your investing strategy. What Is DigiByte? DigiByte is a cryptocurrency trading with the symbol DGB, and it is also a cryptocurrency blockchain platform. The DigiByte currency is used as both an investment and payment method for transactions on the DigiByte network....

As you invest, you may want to think about increasing your international exposure. This advice makes the most sense when the domestic stock market is trading at a high price-earnings ratio. Why Invest in Foreign Markets? Many investors only look at total returns when they are deciding how to invest their money. For example, you may compare two mutual funds based on how they performed over the past 1-, 5-, and 10-year spans and select the best performing fund for your portfolio....

Whether you moved to the U.S. from that country and the property was your home before you moved or you decided to buy a vacation home in another country, if you sold it, you must figure out how to include the transaction on your U.S. tax return. It’s important to understand the process, especially while you’re still in the planning stage of preparing to sell a foreign home or property, and particularly if you intend to transfer the money to your U....

Below, we review how insurers currently view medical marijuana—if it’s covered and its impact on eligibility and rates. We’ll focus on essential consumer insurance products, including health, life, and auto insurance. Medical Marijuana Uses Medical marijuana is any treatment that is derived from the cannabis sativa plant which contains meaningful amounts of tetrahydrocannabinol (THC). THC may be popularly known for its psychoactive properties, but it’s also an important treatment for some health conditions....

A due-on-sale clause prevents a homeowner from selling subject to an existing loan. It doesn’t mean that people don’t try to do it but it does mean the new homeowner might lose the home if the existing lender forecloses. Lenders have specific rights, and trust deeds and mortgages are written by lawyers in favor of lenders. What Is a Due-on-Sale Clause? A due-on-sale clause is one of those rights inherent in the paperwork....

Thomas Barwick/Getty Images Is Erie Insurance Right for You? Erie Insurance may be a good fit for you if you live on the Eastern Seaboard or in the Midwest, have multiple insurance needs, just need car insurance, or want the ease of one provider. It’s also a good match if you prefer speaking with a human being about your insurance needs and claims. Where Is Erie Insurance Offered? Erie Insurance is available in 13 states and districts including Illinois, Indiana, Maryland, New York, Ohio, North Carolina, Pennsylvania, Kentucky, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia....

What Is Time and Sales? The time and sales is the most detailed display of a market’s trading information. It shows every trade that occurs, in real time, and provides a variety of information about each trade (e.g., the exact time, the direction, the number of contracts that were traded, etc.). Where graphical charts are used to provide an overview of a market’s price movement, the time and sales is used to view every detail of a market’s price movement, and therefore the two methods are often complementary to each other....

Most employees, with some exceptions, must be paid at least the federal minimum wage. If they work in a city or state with a higher minimum wage, they will receive the higher amount. Review information on minimum wage rates, when employers are required to pay minimum wage, employees exempt from minimum wage requirements, and locations with higher minimum wage rates than the federal minimum of $7.25 per hour. What Is The Minimum Wage?...

The word “fiduciary” comes from the Latin word fiducia, or “trust.” Fiduciary responsibility means acting in the other party’s best interest, giving the assignment the highest possible level of care. What Is a Fiduciary? Some fiduciaries are hired and some might be court-appointed, such as guardians or conservators of minors or incapacitated adults. They have a “duty of care” to ensure that they’re taking the best possible actions on behalf of that person....

The changes mean that more than 3.6 million borrowers pursuing forgiveness through so-called income-driven repayment plans will attain it months or years sooner than they otherwise would have, and at least 40,000 enrolled in the Public Service Loan Forgiveness (PSLF) program will immediately become eligible, the Department of Education said this week. (There are an estimated 43 million borrowers with federal student loans.) The one-time changes to the programs affect how the department will handle past periods of forbearance—periods when borrowers were relieved from making their monthly payments due to financial hardship or other circumstances—by adjusting their records so that the time some borrowers spent in forbearance will count toward loan forgiveness....

As a result, it wasn’t signed until President Obama took office in 2009. At the end of FY 2008 (September 30, 2008), President Bush and Congress signed a Continuing Resolution to fund the government for another six months. As a result, the newly-elected President Obama passed the FY 2009 budget, folding in $253 billion in expenses for the Economic Stimulus Act. Revenue For FY 2009, the Federal government received $2....