![]() The amount you spend increases directly along with the amount of miles you drive. Variable costs are the expenses you pay when you drive your truck. Truck mortgage payments and insurance payments are usually the biggest fixed costs. So, to start with: there are two main categories that all your costs are in:įixed costs are the expenses you have whether you’re driving your truck or not. If you’re new to thinking about your costs, this should help you get a grasp of what to be thinking about, at least for the big picture. So this article will be a quick introduction to some basic ways to think about your trucking costs. The guys who never get around to studying and analyzing their costs are the ones who either don’t make it very long, or who don’t make much money. It’s not an extra bonus that’ll get you a little extra money it’s what separates the wheat from the chaff in this business. If you’re an owner-operator or a small trucking fleet manager or owner, it’s a must that you understand the costs of operating your business. This spares parents in high-conflict situations from having to work together on these issues.Owner Operator Costs – Fixed vs Variable Expenses The courts have authority to determine the average amount of variable costs and simply add that amount to the child support order. Any variable expenses not submitted pursuant to this procedure are waived. The parent who has spent less in the quarter shall pay the difference to the parent who has spent more on variable expenses by a specified deadline, in proportion to the percentage amount of placement each parent has. ![]() By a specified deadline, the parents must exchange their itemized expenses, along with receipts. We often recommend that a child support order include the following variable cost reconciliation procedure: Each parent computes the amount they spent on variable costs on a quarterly basis (March 31, June 30, September 30 and December 31) for the preceding three months. It is not uncommon for parents to argue over reconciliation of variable costs to the point that each has paid more for attorney fees and accounting fees than they would have paid if they had simply paid 100 percent of the variable costs.Īccordingly, we recommend entry of an order requiring compliance with tight procedures for payment and reconciliation of variable costs. ![]() ![]() Payment and reconciliation of variable costs can be contentious and difficult. If one parent has placement 70 percent of the time, that parent would pay 70 percent of the variable costs. Thus, if the parents have equal placement of the child, each would pay 50 percent of the variable costs. ![]() When parents qualify for the shared-placement child support formula under DCF 150.04(2) and the amount of child support is reduced based on both parents’ income, the guidelines require parents to share payment of “variable costs.” The child support guidelines define “variable costs” at DCF 150.02(29) as “the reasonable costs above basic support costs incurred by or on behalf of a child, including but not limited to, the cost of child care, tuition, a child’s special needs, and other activities that involve substantial cost.” Parents must pay variable costs in proportion to each parent’s placement time. The child support guidelines define “basic costs” at DCF 150.02(3): “food, shelter, clothing, transportation, personal care, and incidental recreational costs.” Parents are expected to meet their children’s basic needs during their placement periods. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |