What's the difference between taxable income and imputed income?

My job is offering a pre-tax lunch benefit in which the cost comes out of our checks, as opposed to us spending money outside during our lunch breaks. One the refreshments benefit is listed as taxable, while the other refreshment is listed as imputed. We have a choice of both or choosing one. Is one more... show more My job is offering a pre-tax lunch benefit in which the cost comes out of our checks, as opposed to us spending money outside during our lunch breaks. One the refreshments benefit is listed as taxable, while the other refreshment is listed as imputed. We have a choice of both or choosing one. Is one more beneficial than the other?
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