Imputed income is non-wage, non-salary stuff you get as part of your job - benefits you don't pay for, but which still has a price tag attached. You get it for "free" but you still have to pay taxes on its value as if you'd made the money. The usual examples are use of a company car, or a membership to the place you work (gyms, spas, etc.).
So your friend may have a work benefit where they can give out a free ticket. They don't have to pay $55 for it, but they'll have to pay taxes as if they got $55 extra in their paycheck.
ClockworkLexivore t1_jabpagc wrote
Reply to ELI5: What is imputed income? by RylieSensei
Imputed income is non-wage, non-salary stuff you get as part of your job - benefits you don't pay for, but which still has a price tag attached. You get it for "free" but you still have to pay taxes on its value as if you'd made the money. The usual examples are use of a company car, or a membership to the place you work (gyms, spas, etc.).
So your friend may have a work benefit where they can give out a free ticket. They don't have to pay $55 for it, but they'll have to pay taxes as if they got $55 extra in their paycheck.