The Alimony Calculator ... ... calculates each spouse's net disposable income after calculating the child support, income taxes, FICA/Medicare taxes and other obligations of the parties so that the practitioner or judge will know how much each party will have to live on each month ---- how else could you possibly know what is a fair amount of alimony?
Among other things, the Alimony Calculator automatically calculates:
Income taxes of each party taking the alimony into account
FICA/Medicare taxes of each party; it even calculates self- employment taxes
Earned Income Tax Credit and Alternative Minimum Tax
Child Support payable by the noncustodial parent
Value of a child's exemption for each parent
True, net after-tax cost or benefit of the alimony
And from all of these calculations, the Alimony Calculator then tells you how much money each spouse will have to live on after the payment of alimony, child support, taxes, etc.