My company pays me $2.68 per hr the rest is in tips. They submit the $2.68 plus any tips paid by credit card or debit. Any cash tips are up to me to submit to the IRS. I average about $15.00 per hr.
2006-12-29 15:17:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
No restaurant keeps track of what is severed by each waiter or waitress. No not all cash tips are reported but they are supposed to be.
2007-01-02 07:43:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You would do well to report all your tips. Your employer is required to report all tips to the IRS. Further, they are also required to report the total amount of food you served. You will then be taxed at around 8% of what you serve. So, if a good customer has dinner that totals around $20, the IRS will tax you $1.60. If that customer is decent, he will leave you a $3.00 tip, which means you will earn $1.40 from his tip. If you work in a decent restaurant, you can still earn pretty good money and make good tips. Take care of the customer and the tips will come. However, keep in mind, that you should keep track of what you serve every day because you will be taxed on it.
2006-12-29 16:39:33 · answer #2 · answered by David L 6 · 0⤊ 0⤋
Waitresses are on their ft for long sessions of time, memorize the entire menu, would desire to shop the orders rapidly of their heads, would desire to attend numerous tables at as quickly as, and so forth. and so forth. They get in basic terms a pair of dollars consistent with hour, because of the fact they are predicted to get tips. if your server is stable, you're meant to offer 15% of the invoice as a tip. i've got in no way even been a waitress and that i understand this. i understand lots of folk who've been servers, and that they instructed me to in no way be one, because of the fact of thankless bitches such as you. And no, i do no longer particularly cuss. that's in basic terms what i think of of folk such as you. Waitressing is a crappy activity, yet no longer anybody is prosperous. some human beings would desire to discover some thank you to get by existence. you will desire to be happy she's attempting to earn her very own funds particularly than occurring welfare. you will desire to rejoice along with her. particularly, when I examine the question, I had an open strategies. when I examine the documents, I heavily think of my physique temperature rose 5 tiers. that's how offended i replaced into to verify your question. whether this would be a humorous tale, get a existence and quit making up stupid memories. If no longer, in basic terms go play in site visitors. the worldwide is extra constructive off without you.
2016-12-15 11:16:11 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Ethically & Legally you should calculating your salary per the exact amount of tips you reciever per MONTH plus whatever is reported by your employer but it's really up to you as there is no system of checks and balances to verify if you're being honest.
By your estimation you're grossing $31,200 annually..
2006-12-29 15:21:56 · answer #4 · answered by Bonita Applebaum 5 · 1⤊ 0⤋
yes up to you but it would be a lot wiser to report it. The IRS is well wise to catch any shennagians like this now a days.
2006-12-29 15:20:25 · answer #5 · answered by Anonymous · 0⤊ 1⤋