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Income in kind

From Wikipedia, the free encyclopedia
Income other than money

Income in kind, orin-kind income, isincome other thanmoney income.[1][unreliable source?] It includes manyemployee benefits andgovernment-provided goods and services, such as toll-free roads,food stamps,public schooling, orsocialized medicine.

Types of income in kind

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  • Free rent in exchange for caretaking duties.
    • Note: If the caretaker receives a paycheck with an amount for rent deducted, the gross earnings are earned income, not in-kind income.
  • Free room and board provided by a friend or relative.
  • Free clothing or household goods provided by a community organization.
  • Exchange of services, such as babysitting.

See also

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References

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  1. ^"In-Kind Income: Definition".Answers.com. Retrieved14 November 2012.
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