According to Internal Revenue Service Section 79, if an employee receives more than $50,000 of group term life insurance under a policy carried by his employer, the imputed cost of coverage over $50,000 is considered taxable income and is subject to Social Security and Medicare taxes. An employee's imputed income ...
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Calculate the monthly imputed income by dividing the amount of excess coverage by $1,000 and multiplying that by the cost from the IRS premium table. For example: $50,000 / $1,000 = 50 50 * $ 0.15 = $7.50 per month
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Imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. An imputed cost is an invisible cost that is not incurred directly, as opposed to an explicit cost, which is incurred directly. Imputed cost is also known as implied cost or opportunity cost.
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implicit cost or imputed cost the OPPORTUNITY COST to a FIRM of using resources owned by the firm itself to produce its output. For example, if a firm occupies a building that it owns, it forgoes the opportunity of renting it out for some other use.
https://financial-dictionary.thefreedictionary.com/imputed+cost
Implicit cost. In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent. It is the opposite of an explicit cost, which is borne directly. In other words, an implicit cost is any cost that results from using an asset instead of renting it out or selling it. The term also applies to foregone income from choosing not to work.
https://en.wikipedia.org/wiki/Implicit_cost
Implicit costs also represent the divergence between economic profit (total revenues minus total costs, where total costs are the sum of implicit and explicit costs) and accounting profit (total revenues minus only explicit costs). Since economic profit includes these extra opportunity costs, it will always be less than or equal to accounting profit.
https://en.wikipedia.org/wiki/Implicit_cost
Thus, implicit costs represent the sacrifice of income that could have been earned by renting out (or selling) the firm's resources to others. To achieve an accurate measure of the total cost of producing goods or services, the firm must impute a rent to itself based upon the current market rate for renting the property See PROFIT, EXPLICIT COST, SHADOW PRICE.
https://financial-dictionary.thefreedictionary.com/imputed+cost
Imputed cost of capital or opportunity cost is the benefit foregone by investing the money in business. For eg if the risk free rate of return of a govt bond is5 %, then5% is the imputed cost of capital. Cost of capital is the expectaion of ht e shareholders or owner from the company. It is usually calculat.ed for a joint stock form of ownership.
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imputed intra-departmental costs. This interpretation further explains that reporting entities should account for imputed intra-departmental costs in accordance with the full cost provisions of SFFAS No. 4. To account for the full cost of a program and its output(s), reporting entities should recognize imputed intra-departmental costs. Interpretation
http://files.fasab.gov/pdffiles/handbook_interp_6.pdf
To achieve an accurate measure of the total cost of producing goods or services, the firm must impute a rent to itself using a SHADOW PRICE based upon the current market rates for renting the property See PROFIT, EXPLICIT COST. implicit cost or imputed cost the OPPORTUNITY COST to a FIRM of using resources owned by the firm itself to produce its output. For example, if a firm occupies a building that it owns, it foregoes the opportunity of renting it out for some other alternative use.
https://financial-dictionary.thefreedictionary.com/imputed+cost
imputed cost
Imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. An imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. 