Imputed Income & Realization: Definition & Examples


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Which of the followings is not example of imputed income?

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1. Imputed income is _____.

2. Which of the followings is true in the context of taxation of imputed income?

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About This Quiz & Worksheet

This tool can let you see exactly how much you know about imputed income and realization. With questions testing you on a definition, reporting requirements and inclusions of imputed income, you'll be able to find out just what you remember.

Quiz & Worksheet Goals

Review these topics:

  • The relationship between imputed income and taxation
  • An inclusion to imputed income
  • Something exempt from imputed income
  • Those required to report imputed income

Skills Practiced

  • Making connections - use understanding of the concept of imputed income and taxation to answer questions
  • Knowledge application - use your knowledge to answer questions about an inclusion to imputed income
  • Interpreting information - verify that you can read information regarding an exclusion from imputed income and interpret it correctly

Additional Learning

Imputed Income & Realization: Definition & Examples is the lesson you can read alongside this quiz and worksheet. Providing you with more information, you can use the lesson to learn more about:

  • Memberships that are included in imputed income
  • An example of imputed income
  • Employer requirements for imputed income in gross wages