Document ID: chunk:federal_register_of_legislation:F2024C01070:reg:15
Version: federal_register_of_legislation:F2024C01070
Segment Type: reg
Provision Reference: reg 15
Character Range: 11485–12460

15  Conversion of periodic amounts into annual rates
  If a child support agreement refers to a periodic amount of payment (the periodic amount), the annual rate of payment (the annual rate) in respect of the periodic amount is to be worked out as follows:
 (a) in the case of a daily amount—in accordance with the formula:

 (b) in the case of a weekly amount—in accordance with the formula:

 (c) in the case of a periodic amount that is in respect of a period that is a multiple of one week—in accordance with the formula:

 (d) in the case of a monthly amount—in accordance with the formula:

 (e) in the case of a periodic amount that is in respect of a period that is a multiple of one month—in accordance with the formula:

where:
AR is the annual rate.
NM is the number of months in respect of which the periodic amount is specified.
NW is the number of weeks in respect of which the periodic amount is specified.
PA is the periodic amount.

Part 6—Administration