New Mexico > Local District Court > 1st Judicial District > Divorce
Interim Monthly Income And Expenses Statement - New Mexico
| Interim Monthly Income And Expenses Statement Form. This is a New Mexico form and can be used in Divorce 1st Judicial District Local District Court . |
|
||||||
 Get this form for FREE as a print-only pdf |
|||||||
|
FIRST JUDICIAL DISTRICT COURT STATE OF NEW MEXICO COUNTY OF Case No.: , Petitioner, -vs.- , Respondent. INTERIM MONTHLY INCOME AND EXPENSES STATEMENT (fixed percentage for child expenses) STATE OF NEW MEXICO ) ) ss. COUNTY OF ) I, , the Petitioner / Respondent, state under penalty of perjury that the following is true and correct at this time: Husband Wife Combined Column 1 Column 2 Column 3 2 1. Gross monthly income a. Gross monthly wages $ $ $ b. Rental income $ $ $ c. Self-employment income $ $ $ d. Dividends and interest $ $ $ e. Other income $ $ $ 2. Total gross monthly income $ $ $ 3 3. Payroll deductions a. Federal withholding $ $ $ b. State withholding $ $ $ c. Estimated tax payments $ $ $ d. FICA $ $ $ <<<<<<<<<********>>>>>>>>>>>>> 2 e. Medicare $ $ $ f. Health insurance $ $ $ g. Life and disability insurance $ $ $ h. Union dues $ $ $ . i. Mandatory retirement $ $ $ j. Other ____________ $ $ $ 4. Total payroll deductions (add items in #3) $ $ $ 5. Net monthly income (subtract Line 4 from Line 2) $ $ $ 4 6. Monthly fixed expenses 5 a. Residence $ $ $ 6 b. Utilities $ $ $ c. Car payments $ $ $ d. Insurance premiums $ $ $ (1) Car or other vehicle $ $ $ 7 (2) Life $ $ $ 7 (3) Health $ $ $ 8 (4) Homeowner or renters s $ $ $ (5) Other $ $ $ 9 e. Day care 10 f. Credit card payments $ $ $ g. Loan payments $ $ $ 11 h. Child support payments $ $ $ i. Medical $ $ $ j. Other $ $ $ 7. Total monthly expenses 12 (add items in #6 and #7) $ $ $ 8. Net spendable income (Line 5 minus Line 7) $ $ $ 9. One-half of combined net spendable income 13 ( of Line 8, Column 3) $ $ 14 10. Amount transferred and received $ $ 15 11. Child support adjustment (see table, Use Note 15 below) $ $ 16 12. Total to be transferred $ $ 2 <<<<<<<<<********>>>>>>>>>>>>> 3 Petitioner/Respondent Subscribed to and sworn to before me this day of , 2001 by . Notary Public My commission expires: 3 <<<<<<<<<********>>>>>>>>>>>>> 4 Use Notes* 1. This form is to be used with an Interim Order Allocating Income and Expenses, Domestic Relations Form4A-123 NMRA. Unless, upon m otion of a party, the Court orders the division of separate income and expenses, only community income and expenses should be included on this form. In minimal or negative income cases, the Court will have discretion to fashion an appropriate order. 2. Gross monthly income is incomeom fr all sources except child support received from a prior court order. For self-employed individuals, gross monthly income means gross receipts less reasonable and ordinary business expenses. For varying income and expenses, use the average of the last three (3) months income and expenses. Gross monthly income is to be computed by using one of the following: hourly wage x average hours worked per week x 52 divided by 12; weekly wage x 52 divided by 12; every two weeks wage x 26 divided by 12; twice monthly x 2. For varying wages, use the average of the last three months income. 3. Deductions are payroll deductions for taxes, Social Security, health insurance, union dues, retirement and other employer-related deductions. Payroll deductions are to be computed on a monthly basis as described in Use Note 2. 4. Monthly fixed expenses include periodic expenses even though paid quarterly, semi-annually or yearly. Fixed expenses are to be computed on a monthly basis by using one of the following: annual income or expenses divided by 12. For varying expenses, use the average of the last three months receipts or expenses. 5. Residence fixed expense is mortgage or rent actually paid. If a party receives free rent, e.g., by living with parents, that partys rent is imputed as zero. If residence expense is a mortgage paymt for the residence of a party, unless en already separately stated, include insurance and taxes. 6. Include monthly average payments for gas, electricity, water, sewer, refuse and basic telephone bill, if not paid as part of rent. Use average for last 12 months if known. 7. Do not include medical, dental, liability, life or other insurance which is deducted by payroll deduction. 8. Do not include homeowners insurance premiums if the premium is included as part of the residence expense, Line 6(a). 9. Day-care fixed expense is work-related day care and does not include baby sitting or occasional day care. 4 <<<<<<<<<********>>>>>>>>>>>>> 510. Credit card payments is listed as a fixed expense and includes only the minimum monthly payment as of the date of the filing of the Petition. 11. Any regular monthly payment ordered by a prior order of child support or alimony which is actually paid is a fixed expense. 12. Line 8, Net spendable income and combined net spendable income are determined by subtracting Line 7, total monthly fixed expenses, from Line 5, net monthly income. Negative combined net spendable incom: Ife the combined net spendable income (Line 8, Column 3) is a negative number, and there are no children, adjust the allocations of income or expenses between the parties, or transfer an amount from one party to another so that the amount of net spendable income for Husband and Wife on Line 9 is equal. Do not complete Lines 10, 11 and 12. If Line 8, Column 3 has a negative or minimal combined net spendable income, and there are children, the Court will need to fashion an appropriate form to divide interim incomand expenses of the parties. e 13. Line 9, Equalizing spendable income. If net spendable income on Line 8, Column 3 is a positive number, divided combined net spendable income by two and enter the result in each column of Line 9. 14. Line 10, Amount transferred and received. The party with the larger net spendable income will transfer an equalizing amount to the party with the smaller net spendable income. To determine the amount of the transfer or receipt, subtract Line 9 (one-half of combined net spendable income) fromLine 8, net spend able income and enter the amount on Line 10. This is the amount to be transferred by the party with the larger net spendable income to the party with the lower net spendable income. For example, if the Husband has a net spendable income of $1,000.00 per month and the Wife has a net spendable income of $500.00 per month, divide the total ($1,500.00) by two. Since the Husband has the larger net spendable income, enter the result ($750.00) on Line 8,** under Column 1. To determine the amount Husband transfers, subtract Line 9 of Column 1 from Line 8 of Column 1 ($1,000.00 minus $750.00 = $250.00) and this amount ($250.0
|
|||||||
Popular Searches
