Remove Employment Remove Net Pay Remove Online Payroll Remove Taxes
article thumbnail

What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Do not include imputed income in an employee’s net pay. What is imputed income?

Payroll 46
article thumbnail

Mortgage pre-approval checklist for homebuyers

Higginbotham

Tax Documents. The lender needs to know how much you make, but will also evaluate the quality of your income to determine whether you have a solid job with a stable employer. If you are paid by check, save the stubs that show your weekly or monthly gross and net pay, along with the cumulative totals for amounts paid year-to-date.

Banking 52