Imputed income definition

Imputed income means income not actually earned by a parent, but which is attributed to the parent based on the provisions of this rule. It is presumed that all parents are capable of working at least 40 hours per week at minimum wage, absent evidence to the contrary.

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Imputed income means the amount of income recognized by a Member who receives Company paid life insurance in excess of $50,000 and such other amounts the Administrative Committee determines to be imputed income to the Member under the Code. "Perks" include, but are not limited to, Company paid parking, Company provided car allowances, and the flexible perk allowances provided to certain Members which may be used by the Member for financial counseling or planning; tax preparation or advice; excess medical expenses; physical examinations; additional life insurance, disability insurance, accidental death and dismemberment insurance or liability insurance; business lunch club dues or legal expenses.

Imputed income means the bank shall impute income to Executive in an amount equal to the current term rate for Executive’s age multiplied by the aggregate death benefit payable to Executive’s beneficiary. The “current term rate” is the minimum amount required to be imputed under Revenue Rulings 64-328 and 66-110, or any subsequent applicable authority.

Examples of Imputed income in a sentence

• Imputed income will not count as income for purposes of the pension plan, 401(k), Employee Stock Purchase Plan, long-term disability, life insurance, AD&D, or any other benefit plan which calculates benefits on the basis of compensation.

• Imputed income equal to the cost of coverage for the domestic partner shall be added to the W-2 of the employee.

• Imputed income will not count as income for purposes of the pension plan, 401(k) plan, Employee Stock Purchase Plan, short-term disability, long-term disability, life insurance, AD& PL, or any other benefit plan which calculates benefits on the basis of compensation.

• Imputed income equal to the cost of coverage for the domestic partner shall be added to the W­2 of the employee.

• Imputed income calculations shall be fully automated with controls to verify the accuracy of the calculations.

More Definitions of Imputed income

Imputed income means income not actually earned by a parent, but which will be attributed to the parent based on:

Imputed income means the actual gross income of a parent if employed to full capacity or potential income if voluntarily unemployed or underemployed. Potential income will not be imputed unless a preponderance of the evidence shows that the parent has a greater potential than actual income.

Imputed income for each Contract Year covered by a Uniform Player’s Contract shall be calculated by multiply ing the difference between the Imputed Loan Interest Rate and the stated rate, if any, by the outstanding balance of the loan.

Imputed income means the amount of income that shall be assigned to a party when calculating child support should the party’s income be unknown, if the party is unemployed, or if the party refuses to provide sufficient information to determine income.

Imputed income means HUD passbook rate × total cash value of assets. Calculation used when assets exceed $5,000.

Imputed income means the “income” a person “earns” by doing things him or herself; i.e., the money that is saved in that manner.

Imputed income means a base amount on which to determine a support obligation equivalent to part-time employment (30 hours per week) at the current Federal minimum wage. Income may also be imputed based upon the actual earning capacity of a payer based on the parent's education, training and recent work experience, earnings during previous periods, and the availability of work in or near the parent's community.