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you always here people not claiming enough tips, well what happens when you claim 150 dollars when you only made 50?

2006-08-03 20:57:36 · 3 answers · asked by Brett C 1 in Business & Finance Personal Finance

3 answers

I presume you are referring to making that claim on your income tax return. Claiming a higher income from tips might also trigger a higher income tax. But in it's most basic form, anything reported that is knowingly false can bring trouble too.

2006-08-03 21:07:34 · answer #1 · answered by nothing 6 · 0 0

You get taxed on 150 dollars. Although why you would go to the trouble, I have no idea. You can just write a check to the treasury, they won't mind.

2006-08-03 21:02:12 · answer #2 · answered by 006 6 · 0 0

You pay more taxes.

2006-08-03 21:43:29 · answer #3 · answered by Steve H 2 · 0 0

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