Based on this testimony, the trial court's finding was not clearly erroneous. Given this testimony, the trial court's finding was not clearly erroneous. Defendant testified that many personal expenses, such as his electricity bill and the mortgage payment on his house, were paid directly through his business and that he runs his personal account through his business account. In divorce cases, income has been broadly interpreted to include items other than just net taxable income for federal income tax purposes. This finding was not clearly erroneous.
Defendant argues that the disposition of the marital property was inequitable.
If the trial court's finding of fact are upheld, this Court must decide whether the dispositional ruling was fair and equitable in light of those facts. Hanaway, supra at 292. The goal in distributing marital assets in a divorce proceeding is to reach an equitable, though not necessarily equal, distribution of property in light of all the circumstances. The trial court is given broad discretion in fashioning its ruling, is held to no strict mathematical formula, and is only required to consider the factors relevant to the case before it. To reach an equitable division, the trial court should consider the duration of the marriage, the contribution of each party to the marital estate, each party's station in life, each party's earning ability, each party's age, health and needs, fault or past misconduct, and any other equitable circumstance.