What Is Imputed Income? | Payroll Definition and Examples
Patriot Software
MARCH 13, 2019
Do not include imputed income in an employee’s net pay. Group-term life insurance exceeding more than $50,000. Non-deductible moving expense reimbursements. Imputed income typically includes fringe benefits. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.
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