gross income<\/a>, the interest earned from these proceeds may be included in gross income. Inheritances may also be considered by the court in computing gross income to the extent that it has reduced a parent\u2019s living expenses. The inclusion of interest must be based on a reasonable rate of return. With regard to gifts, the court also has discretion to consider recurring gifts of money as income. <\/p>\n\n\n\nPersonal Injury Awards<\/h3>\n\n\n\n
Undifferentiated\npersonal injury awards and annuities are generally not included in computing\ngross income. In some instances, however, a settlement\nagreement may spell out the different components of the payment. For example,\nthe settlement agreement may stipulate that a part of the payment is for lost\npast or future wages, in which case the portion allocated for wages may be\nincluded in the gross income of a parent. The party who challenges what appears\nto be an undifferentiated settlement bears the burden of proving it otherwise. <\/p>\n","protected":false},"excerpt":{"rendered":"
Gross income is defined in Family Code 4058(a) as income from whatever source derived, except for income that is legally exempt from the child support calculation. Deductions are then subsequently subtracted from the gross income figure in order to arrive at the net disposable income of a parent. Thus, it is important for your family […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":16,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/pages\/465"}],"collection":[{"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/comments?post=465"}],"version-history":[{"count":4,"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/pages\/465\/revisions"}],"predecessor-version":[{"id":470,"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/pages\/465\/revisions\/470"}],"up":[{"embeddable":true,"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/pages\/16"}],"wp:attachment":[{"href":"https:\/\/sacramentofamilylawlawyers.com\/wp-json\/wp\/v2\/media?parent=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}