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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. F ...
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 are: m ...
income. It includes many
employee benefit Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a cor ...
s 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 trade, barter (derived from ''bareter'') is a system of exchange (economics), exchange in which participants in a financial transaction, transaction directly exchange good (economics), goods or service (economics), services for other goods ...
* In kind * Local exchange trading system * Truck system


References

Employee benefits Public services {{microeconomics-stub