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Department of Accounts Payroll BulletinCalendar Year 2013 November 8, 2013, Volume 201311In This Issue of the Payroll Bulletin.... 2013 Imputed Income for Terminated ORP Participants Eligible for
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Imputed income for terminated refers to income that is deemed to have been earned by an individual after their termination from employment.
Employees who have been terminated from their job and have received additional compensation or benefits after termination are required to report imputed income.
Imputed income for terminated can be filled out by including the additional compensation or benefits received after termination in the appropriate tax forms provided by the employer or tax authorities.
The purpose of imputed income for terminated is to ensure that individuals accurately report their total income, including any additional compensation or benefits received after termination.
Information such as the amount of additional compensation or benefits received after termination, the reason for the termination, and any applicable tax implications must be reported on imputed income for terminated.
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