Payment-in-Kind Wages

Description and Definition of Payment-in-Kind Wages (PIK)

Payment for labor to farm employees of farm commodities such as livestock, fruits, vegetables, or other food instead of cash wages. The value of Payments-in-Kind must be reported on the employee's W-2 form.

Resources

See Also

Further Reading

• Payment-in-Kind Wages (PIK) in the West's Tax Law Dictionary
• Payment-in-Kind Wages (PIK) in “A Dictionary of Taxation”