What income is used to calculate alimony?
Amy Wechsler’s Answer:
In New Jersey, income is broadly defined and nearly all sources of income are considered. This includes earned income, such as salary, bonus, commission, car allowances, deferred compensation, and income from a business. It also includes unearned income such as investment returns, interest and dividends, and income from trusts or rental property. Some business owners have benefits in the form of payments for expenses that may be only partially connected to the business, so a portion of those benefits may be included in income. Stock options and restricted stock units may also be considered income depending on how and when they vest. Pension income may or may not be included depending on whether the pension is distributed between the parties as an asset.