Reply To: Imputed Interest

#21165
jmherbener
Participant

Professor Manish was not discussing a business reporting to the government. He was referring to the method by which the categories of income (namely wages, rent, interest, and profit) can be applied to adding up everyone’s income. If Joe and Mary earn $80,000 in net income, how is that to be categorized? To do so, one needs to be able to calculate their imputed wages and imputed interest.