Income in kind

Income in kind, or in-kind income, is income other than money income. ^{[1] [ unreliable source? ]} It includes many employee benefits and government-provided goods and services, such as toll-free roads, food stamps, public schooling, or socialized medicine.

Types of income in kind

• 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

• Barter
• In kind
• Local exchange trading system
• Employee benefits
• Truck system
• Subsistence economy

References

1. "In-Kind Income: Definition". Answers.com. Retrieved 14 November 2012.