Originally Posted by
A Squared
Can someone explain the basics of what's going on with the "imputed income"? I've heard it discussed on occasion, but don't think I quite grasp it. Here's what I *think* I know. Atlas has Domiciles. If you're live somewhere other than your domicile, Atlas will buy you airline tickets to your domicile, and hotel accommodations in your domicile, but, the cost of flying you to your domicile and providing accommodation in your domicile is considered income, and is required to be taxed. Do I have it correct to this point? (If not where did I go off the tracks?) Assuming I'm more or less correct, here's where it gets a little fuzzy for me: What is it that gets deducted from your paycheck? The cost of the airline ticket times your withholding rate? Something else?
You've pretty much got it.
So if your ticket from home to ANC costs them $2,000 and your taxable rate is 22%) they'll cut $440 from your check.
Then they'll deduct that again for your ticket home (and $ for any hotels you'll need, too).
And don't forget this is all deducted from that awesome 50 hour-per-month guarantee!