Glossary entry (derived from question below)
English term or phrase:
imputed income charges/days
English answer:
equivalent amount of added income
Added to glossary by
airmailrpl
Sep 16, 2004 03:47
20 yrs ago
12 viewers *
English term
imputed income charges/days
English
Bus/Financial
Business/Commerce (general)
Have imputed income charges/days been reported for usage of company vehicles?
I have no other context, this appears in a questionnaire. Can somebody enlighten me please?
I have no other context, this appears in a questionnaire. Can somebody enlighten me please?
Responses
+1
1 hr
Selected
explanation below
>imputed income charges/days been reported for usage of company >vehicles?
A person uses the company vehicle and should report having received an equivalent amount of added income due to the usage of the vehicle - probably with some equivalency to rental car rates. This is probably for income tax purposes.
calculating insurance rates at Business.com
...
Calculating Imputed Income Under Internal Revenue Code (IRC) 79 ... ...
www.business.com/popular/calculating_insurance_rates
On The Edge
... Examples of imputed income include personal use of a company automobile,rent-free accommodations in company housing, and country club dues. ...
www.expatedge.com/newsletter/ 2001_06_june_imputedincome.html
A person uses the company vehicle and should report having received an equivalent amount of added income due to the usage of the vehicle - probably with some equivalency to rental car rates. This is probably for income tax purposes.
calculating insurance rates at Business.com
...
Calculating Imputed Income Under Internal Revenue Code (IRC) 79 ... ...
www.business.com/popular/calculating_insurance_rates
On The Edge
... Examples of imputed income include personal use of a company automobile,rent-free accommodations in company housing, and country club dues. ...
www.expatedge.com/newsletter/ 2001_06_june_imputedincome.html
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
37 mins
presumed income charges/days
See: Personal Mileage FAQ
... That no imputed income will be added to the employees W2 ... employees company may deduct
from their paycheck for the use of the company provided vehicle. ...
https://www.gefleet.com/personalMileage/pmFaq.html - 7k - Cached - Similar pages
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Note added at 38 mins (2004-09-16 04:25:34 GMT)
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See also: Relationship Exit Strategies - MacLEAN FAMILY LAW GROUP ...
... as, for example, eyeglasses and vehicle expenses paid ... course, nothing wrong with
a company retaining reserves ... support fixed at a presumed income of $255,000.00 ...
www.bcfamilylaw.ca/NL/ed:200307/an:3 - 41k - 14 Sep 2004 - Cached - Similar pages
... That no imputed income will be added to the employees W2 ... employees company may deduct
from their paycheck for the use of the company provided vehicle. ...
https://www.gefleet.com/personalMileage/pmFaq.html - 7k - Cached - Similar pages
--------------------------------------------------
Note added at 38 mins (2004-09-16 04:25:34 GMT)
--------------------------------------------------
See also: Relationship Exit Strategies - MacLEAN FAMILY LAW GROUP ...
... as, for example, eyeglasses and vehicle expenses paid ... course, nothing wrong with
a company retaining reserves ... support fixed at a presumed income of $255,000.00 ...
www.bcfamilylaw.ca/NL/ed:200307/an:3 - 41k - 14 Sep 2004 - Cached - Similar pages
51 mins
the value of a thing determined from its utility
imputed value: the value of a thing determined from its utility rather than by adding the cost of its constituent elements (Merriam Webster's)
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