P.R. Laws tit. 17, § 1025

2019-02-20 00:00:00+00
§ 1025. Computation of adjusted monthly income

The adjusted monthly income shall be computed at the time the rate of interest corresponding to the family or individual is determined, and it shall be equal to one-twelfth (1/12) of the total annual family income after subtracting the following credits:

(1) 10% of the annual gross income as a fixed deduction.

(2) Five hundred dollars ($500) for each non-working dependent under the age of 21, or person over 65 years of age or a disabled person who has been certified as such by a physician authorized to practice as such in Puerto Rico.

History —Dec. 10, 1993, No. 124, § 6.