23.120 Income from Self-Employment (amplified)

23.120 Income from Self-Employment (amplified) (Charge the following only if it applies.) If there is evidence of self-employment for either or both parties, you are required to make this computation on a monthly basis. Income from self-employment includes, but is not limited to, income from business operations, work as an independent contractor or consultant, sales of goods or services, rental properties, royalties, proprietorship of a business, or joint ownership of a partnership, limited liability company, or closely held corporation. In order to calculate such income, you should total gross receipts in evidence from any such enterprise and then subtract ordinary and reasonable expenses necessary to selfemployment or business operations to produce such income. Ordinary and reasonable expenses of self-employment or business operations necessary to produce income do not include, and you should not subtract from gross receipts, a. excessive promotional, travel, vehicle, or personal living expenses; depreciation on equipment; or costs of operation of home offices; or b. amounts allowable by the Internal Revenue Service for the accelerated component of depreciation expenses, investment tax credits, or any other business expenses determined by you, the jury, to be inappropriate for determining gross income. The amount from self-employment may differ from a determination of business income for tax purposes. Income and expenses from self-employment or operation of a business should be carefully reviewed by you, the jury, to determine the appropriate level of gross income available to the parent to satisfy a child support obligation.