Example of an Imputed Income Calculation 
Example of an Imputed Income Calculation
Prerequisites
In your enterprise, payroll takes place on a monthly basis. You have created a loan for an employee with the following data:
Loan type |
Building loan with payment by installments |
Loan amount paid out |
10,000 |
Loan payment |
January 10 of the current year |
Repayment start date |
May 01 of the current year |
Repayment installment |
300 euro each month |
The following values are stored in Customizing for the loan type Building loan with repayment installment:
Debit interest |
5 % |
Reference interest rate |
6 % |
Interest rate advantage |
Selected |
Interest calculation frequency |
First period: 03 |
|
Interval: 03 | |
Repayment frequency |
First period: 03 |
|
Interval: 03 |
Calculating Imputed Income (Interest Rate Advantage)
For the first payroll period, imputed income of 10,000 x 0.01 x 21 / 360 = 5.83 incurs (10,000 amount of loan, 1% interest rate advantage = 6% reference interest rate -- 5 % debit interest; for 21 days of interest, 360 days per year).
For the remaining payroll periods up to the first repayment, calculation is as follows: 10,000 x 0.01 x 30 / 360 = 8.33.
The interest for each payroll period is cumulated, and is due after 3 periods.
Wage Types
As well as the wage types listed in the
Example: Interest Calculation, the following wage types are created when calculating imputed income.Period |
Wage type |
Wage type text |
Amount |
Explanation |
Period 01 |
/LBC |
Cumulated interest advantage |
5.83 |
|
|
/LBM |
Interest rate advantage/current period |
5.83 |
21 days | |
Period 02 |
/LBC |
Cumulated interest advantage |
14.16 |
|
|
/LBM |
Interest rate advantage/current period |
8.33 |
||
Period 03 |
/LBD |
Taxed interest advantage |
22.49 |
Due |
|
/LBM |
Interest rate advantage/current period |
8.33 |