Imputed Income
I have never really understood imputed income related to flight benefits. I am certain I am not the only one. Can anyone explain how this works in layman financial terms?
My example: my benefits include me, my parents and I may soon be adding a significant other. Last year I also used about six or seven buddy passes.
I think my last 2018 pay stub showed about $700 in imputed income.
How can I figure out “about” how much it costs me each time I give out a buddy pass, or when either I or any of the individuals on my benefits (depending on who uses them if that makes a difference). I would really like to get down what the number is after taxes.
I am a second year FO that made about $140k last year. I rarely call in so I have a ton of swag points but I also do not want to be giving away buddy passes if it is going to be costing me a bunch of money. I just really have no idea how it alll works.