What is imputed income?

• Is imputed benefit income taxable?
  Yes, imputed benefit income is subject to federal taxation. It is considered Taxable noncash compensation but is not included in gross pay.
  
• Does an employee pay Federal Income taxes on imputed income?
  On certain (most) types of imputed income...imputed income just being a term for non cash compensation....say a car benefit or over a certain amount of life insurance provided as part of your...
  
• Why is imputed income deducted from your paycheck?
  i have imputed income taken out of my check because a have a significant other on my insurance can i use this as a tax deduction
  
• Where do you enter imputed income on your tax forms?
  It depends on the type of imputed income. If it is imputed interest, enter it where all other interest payments go (schedule B). If it is imputed life insurance income from your employer, that should...
  
• How does an employee pay imputed income taxes?
  Imputed Tax is on imputed income...say like a taxable employee benefit (say your employer giving you a car). The value of the benefit is included in taxable income that withholding and such is...