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Department of Accounts Payroll BulletinCalendar Year 2012 November 16, 2012, Volume 201219In This Issue of the Payroll Bulletin.... 2012 Imputed Income for Terminated ORP Participants Eligible for
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Imputed income for terminated refers to the value of any non-monetary compensation or benefits that an individual receives after termination of employment.
Employees who receive non-monetary compensation or benefits after termination of employment are required to file imputed income for terminated.
To fill out imputed income for terminated, individuals must report the value of any non-monetary compensation or benefits they received after termination of employment on their tax return.
The purpose of imputed income for terminated is to ensure that individuals pay taxes on the true value of the compensation or benefits they received after termination of employment.
Individuals must report the value of any non-monetary compensation or benefits they received after termination of employment, such as stock options, use of company cars, or housing allowance.
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