To Impute in HR context means to assign or attribute a value, cost, or responsibility to an employee or benefit, often for tax or accounting purposes, such as imputed income.
- What does impute mean in HR?
Answer: It means assigning a value or responsibility, often for tax purposes. - Where is imputation used?
Answer: It is used in calculating imputed income for benefits like company cars. - What is an example of imputation?
Answer: Valuing a personal use of a company vehicle as taxable income. - Who performs imputation?
Answer: HR or payroll departments perform it with IRS guidelines. - What are the implications?
Answer: It affects employee tax liabilities and employer reporting.
