Imputed income is the accession to wealth that can be attributed, or imputed, to a person when he or she avoids paying for services by providing the services to himself or herself, or when the person avoids paying rent for durable goods by owning the durable goods, as in in the case of imputed rent.
Read more about Imputed Income: Taxation of Imputed Income
Famous quotes containing the words imputed and/or income:
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—Samuel Johnson (1709–1784)
“Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.”
—Bible: Hebrew, Proverbs 3:13-18.