Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

M0rpheus

(885 posts)

1. IIRC it affects the federal and state tax calculations on your check.

Reply to Populist_Prole (Original post)

Thu Apr 11, 2013, 12:44 PM

Apr 2013

The tax rate would depend on your bracket. It's taxed as regular income.
If it's only a couple hundred in Imputed Income a year, $40-50 would likely cover it.

*I'm not a tax professional, but I spent too many years explaining Imputed Income to employees of a few large companies. And, I did stay at a Holiday Inn Express once.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

2 replies

= new reply since forum marked as read

Highlight:

Tax question: Imputed income of benefits [View all] Populist_Prole Apr 2013 OP

IIRC it affects the federal and state tax calculations on your check. M0rpheus Apr 2013 #1

Thanks for your answer Populist_Prole Apr 2013 #2