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.
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.
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.
Examples of Imputed income in a sentence
Imputed income from assets, including business assets, disposed of by applicant or resident in the last two years at less than fair market value.
Imputed income from assets is calculated on the total cash value of all family assets.
Imputed income from any nonincome-producing assets of a parent, as determined from the local passbook savings rate or another appropriate rate as determined by the court or agency, not to exceed the rate of interest specified in division (A) of section 1343.03 of the Revised Code, if the income is significant.
Imputed income based on earning capacity is an example of gross income and is subject to the deductions from gross income set forth in subsection 6 of section 75-02-04.1-01.
Imputed income will be used for real property, which is not rented, jewelry, coin collections, works of art and other non-income bearing assets.
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 for each Contract Year covered by a Uniform Player's Contract shall be calculated by multiplying the difference between the Imputed Loan Interest Rate and the stated rate, if any, by the outstanding balance of the loan.
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.
Imputed income means when establishing the amount of child support, if a parent fails to produce reliable evidence of income such as tax returns for prior years, check stubs, or other information, for determining current ability to pay child support, and the court or the jury has no other evidence of the parent's income or income potential, gross income for the current year will be imputed based on a 40 hour workweek at minimum wage.
Imputed income means an amount of income attributed to a parent who is known to be unemployed or underemployed.
Imputed income means that amount of annual income imputed to the Executive equal to the lower of (i) the one-year term insurance premium rate prescribed by the Internal Revenue Service or (ii) the Insurance Company's alternate term insurance premium rate, with either (i) or (ii), as applicable, multiplied by the Scheduled Death Benefit Amount provided to the Executive under the Plan at the time such imputed income is determined. "Insurance Company" means the life insurance company(ies) selected by the Company to issue Insurance Policies pursuant to the Plan. "Insurance Policy" means the life insurance policy, together with additional policy benefits and riders, if any, issued by the Insurance Company pursuant to the Plan. Unless otherwise required by the Plan, Insurance Policy terms used herein shall have the same meaning as in the Insurance Policy. "Normal Premium Period" means that time period during which the Rabbi Trust will pay Annual Premiums, subject to the limits on the amount of Annual Premiums to be paid by the Rabbi Trust set forth in Section 15, to the Insurance Company for an Insurance Policy issued pursuant to the Plan. The Normal Premium Period will extend from the date the first Annual Premium is paid until the later to occur of either: (i) the date the Executive reaches age sixty-five (65); or (ii) the date the cumulative amount of Annual Premiums paid by the Rabbi Trust and, if applicable, the cumulative amount of Extra Premiums paid by the Executive or his designee pursuant to Section 15, create sufficient cash value under the Insurance Policy, after taking into account the recovery of the Corporate Capital Interest by the Rabbi Trust, so that the Scheduled Death Benefit Amount can be sustained without further payment of Annual Premiums by the Rabbi Trust, the Executive or his designee, provided that this period shall generally not be more than fifteen (15) years.
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.