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There’s some sort of formula the IRS has for a percentage of income you need to claim in tips to keep them happy. Probably isn’t as important anymore than in th
by UncleEntity 3y ago
There’s some sort of formula the IRS has for a percentage of income you need to claim in tips to keep them happy. Probably isn’t as important anymore than in the 90s when I was living with a waitress who I learned this stuff from who got almost all her tip money in cash, credit card tips get reported on the payslips.
As an aside, I used to watch in pure wonderment when she would do laundry or need money for something and go through her dirty clothes easily pulling a couple hundred dollars out of pockets.
- jaclaz 3y agoI hadn't thought of tips with credit/debit cards or other electronic payments, so they go to the bar/restaurant that then (when the actual money arrives in the bank) gives them back to the waiter(s), it must be some serious complication in accounting.