income, imputed

income, imputed
n.
Value acquired by a taxpayer through use of his or her own property, or by performing work services for himself or herself, and not included in gross income.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • imputed income — n: income calculated from the supposed value of intangible or non cash sources Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • Imputed income — is wealth created or acquired internally, or from non cash sources. An example of imputed income is a farmer who builds a table instead of buying one. The market value of the table minus any cost from wood and nails is the farmer’s imputed income …   Wikipedia

  • Imputed rent — is the economic theory of imputation applied to real estate.In owner occupancy, the landlord tenant relationship is short circuited. Consider two people, A and B, each of whom owns property. If A lives in B s property, and B lives in A s, two… …   Wikipedia

  • income — in·come n: a gain or recurrent benefit usu. measured in money that derives from capital or labor; also: the amount of such gain received in a period of time an income of $20,000 a year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • imputed income — income which is equal to money …   English contemporary dictionary

  • Income inequality metrics — The concept of inequality is distinct from that of poverty[1] and fairness. Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and economic inequality among the… …   Wikipedia

  • imputed — adjective : being the value in terms of money or hypothetical income receivable from something one has or owns that would yield real income if one wished (as a house one owns and uses but might rent) imputed rent imputed income …   Useful english dictionary

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

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