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The tax underpayment penalty works within a certain legal structure, governed by the IRS under Section 6654 of the Internal Revenue Code. Your penalty is calculated based on how much you underpaid ...
Imputed income is the accession to wealth that can be attributed, or imputed, to a person when they avoid paying for services by providing the services to themselves, or when the person avoids paying rent for durable goods by owning the durable goods, as in the case of imputed rent.
Imputed rent is the rental price an individual would pay for an asset they own. The concept applies to any capital good, but it is most commonly used in housing markets to measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity in national accounts ...
In regard to labor, economic rent can be created by the existence of mass education, labor laws, state social reproduction supports, democracy, guilds, and labor unions (e.g., higher pay for some workers, where collective action creates a scarcity of such workers, as opposed to an ideal condition where labor competes with other factors of ...
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.
This computer was the basis for all of Apple’s modern computers that followed. It launched in 1984, and while it seems like a bulky monstrosity compared to today’s sleek laptops, collectors ...
Tech billionaire Elon Musk labeled a section of President-elect Trump supporters as “contemptible fools” as the online debate around visas for highly skilled workers on the right intensifies.
In UNSNA, "implicit (imputed) rents" on land owned by the enterprise and the "implicit (imputed) interest" chargeable on the use of the enterprise's own funds are excluded from operating surplus. Operating surplus also excludes property incomes considered to be unrelated to value-adding production.