Income in kind, or in-kind income, is

income Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. Fo ...

other than

money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money ar ...

income. It includes many

employee benefit Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any ...

s and government-provided goods and services, such as toll-free roads,

food stamps In the United States, the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, is a federal program that provides food-purchasing assistance for low- and no-income people. It is a federal aid program, ad ...

, public schooling, or

socialized medicine Socialized medicine is a term used in the United States to describe and discuss systems of universal health care—medical and hospital care for all by means of government regulation of health care and subsidies derived from taxation. Because of ...

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.

References

Employee benefits Public services {{microeconomics-stub

Types of Income in Kind

See also

References