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Report: Holmes to receive $400,000 a year for child support

Katie Holmes will receive $400,000 a year in child support from her divorce with Tom Cruise, according to celebrity news website TMZ.

Katie Holmes and Tom Cruise at the premiere of Mission: Impossible - Ghost Protocol. Credit: REUTERS/Carlo Allegri

Cruise will pay Suri's support for the next 12 years, meaning he will reportedly spend $4.8 million in total.

Sources told the website that Holmes did not receive a lump sum payout from the divorce.