Opinion ID: 895835
Heading Depth: 1
Heading Rank: 3

Heading: Edwards' Net Income

Text: [¶ 13] Adjusting the trial court's computation of Edwards' net income for child support purposes to reflect Edwards' imputed income from the Ballisti-Cast business and to reflect the appropriate deduction for business loans on depreciable machinery results in the following net income calculation: [1] Gross Income  Ballisti-Cast $18,000 Gross Income  Farming 34,017 Depreciation  Farming 22,843 ________ $74,860 Less: Federal Tax $11,292 State Tax 942 FICA/Medicare Tax 1,377 Ciara's Health Insurance 1,140 Land Payments 5,300 Net Reduction-Machinery loan principal 6,534 ________ $26,585 NET INCOME $48,275 ________ Edwards' annual net income is divided by twelve to get his monthly net income from which his monthly child support obligation is determined under the guideline schedule. Dalin v. Dalin, 545 N.W.2d 785, 789 (N.D.1996); N.D.A.C. § 75-02-04.1-10. Edwards' net monthly income is $4,023. Applying the guideline schedule, his monthly child support obligation for Ciara is $733.