imputed income

noun

plural imputed incomes

economics

: income calculated from the estimated monetary value of intangible or non-cash sources

But if an employer pays for an employee to use a local health club, the membership fee is considered to be imputed income, fully taxable to the employee.

—Kerry A. Dolan

Although these securities don't actually pay interest until they mature years down the road, you must pay annual tax on the year's "imputed" income.

—Scott R. Schmedel

Word History

First Known Use

1915, in the meaning defined above

Rhymes for imputed income

• abomasum
• become
• checksum
• humdrum
• outcome
• pisum
• succumb
• therefrom
• wherefrom
• bum
• chum
• come

Legal Definition

imputed income

noun

: income calculated from the supposed value of intangible or non-cash sources