Question

Employees are required to report the amount of tips they receive to their employer when their...

Employees are required to report the amount of tips they receive to their employer when their tips for the month exceed:

A. 0

B 20

C 25

D 100

E NONE OF THE ABOVE

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Employees are required to report the amount of tips they receive to their employer when their tips for the month exceed 20
An Employee must report all cash tips to their employers when the tips received exceed $20 in a month.
Option B 20 is correct
Add a comment
Know the answer?
Add Answer to:
Employees are required to report the amount of tips they receive to their employer when their...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Which of the following forms is used by an employer to report quarterly wages and federal...

    Which of the following forms is used by an employer to report quarterly wages and federal payroll tax withholdings and deposits? a. Form 941 b. Form 940 c. Form W-2 d. None of these e. Form 1099

  • 2.2.79-SS In the year 2008, the average annual cost to employees for employer family health coverage...

    2.2.79-SS In the year 2008, the average annual cost to employees for employer family health coverage was approximately $3000. In 2013, that amount was approximately $5000. (a) Write a linear equation expressing the average annual cost to employees y in terms of the number of years x after 2000. (b) What was the average annual cost in 2014? (c) If the trend continues, what will be the first full year in which costs exceed $6500? (a) The linear equation is...

  • Three employees of the Horizon Distributing Company will receive annual pension payments from the company when...

    Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they retire. The employees will receive their annual payments for as long as they live. Life expectancy for each employee is 15 years beyond retirement. Their names, the amount of their annual pension payments, and the date they will receive their first payment are shown below: Employee Annual Payment Date of First Payment Tinkers $ 37,000 12/31/24 Evers 42,000 12/31/25 Chance 47,000 12/31/26 Required:...

  • include procedure _16. Jafet has two employees who eamed the following amounts during 2018 Sem $17,000...

    include procedure _16. Jafet has two employees who eamed the following amounts during 2018 Sem $17,000 Mesec 5.000 If Jafet timely pays 5.4% for state unemployment tax, what is the amount of his 2018FUTA after the state Credit: A. B C SO $72 $132 $1.188 None of the above. The answer is E 17. Lazarus has a domestic employee who earned $4,000 during 2018. If Lazarus timely pays 5.4 percent for state unemployment tax, what is the amount of his...

  • What obligations are imposed upon the employer by the Fair Credit Reporting Act of 1968? a....

    What obligations are imposed upon the employer by the Fair Credit Reporting Act of 1968? a. They must disclose to the job applicant that they are seeking an investigative report. b. They must seek an investigative report on all prospective employees. c. If employment is denied because of the facts on the investigative report, the employer does not have to inform the applicant. d. None of these choices are correct.

  • 1. Mary has a job as waitress at a small restaurant. Tips are pooled in a...

    1. Mary has a job as waitress at a small restaurant. Tips are pooled in a jar and distributed back to employees at the end of each shift by the manager. These tips are not considered taxable income because they are funded by the patrons rather than the owner of the business. T or F 2. The employer may choose any pay cycle they like. T or F 3. Salaried employees are paid based on the number of hours worked...

  • Three employees of the Horizon Distributing Company will receive annual pension payments from the company when...

    Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they retire. The employees will receive their annual payments for as long as they live. Life expectancy for each employee is 13 years beyond retirement. Their names, the amount of their annual pension payments, and the date they will receive their first payment are shown below: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of...

  • Three employees of the Horizon Distributing Company will receive annual pension payments from the company when...

    Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they retire. The employees will receive their annual payments for as long as they live. Life expectancy for each employee is 15 years beyond retirement. Their names, the amount of their annual pension payments, and the date they will receive their first payment are shown below: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of...

  • 9) Jack, ane 25. an employee at Big Hotels was required to say th e weekend...

    9) Jack, ane 25. an employee at Big Hotels was required to say th e weekend condition of his employment. The leading was valued at $950.00 for the in d en Jackwa given lunch daily for the convenience of the play. His lunch benew e d 500.00 year. How much of the lodging and lunch henne is included in gross income S950.00 b. 500.00 Seo c. 1.450.00 e. None of the above 10) Andy, age 16, is single and is...

  • ents received by an individual that he or she must include in gross income (cost expected retam) * amount received]...

    ents received by an individual that he or she must include in gross income (cost expected retam) * amount received] 20. The amount of Social Security benefits received by a. Is computed in the same manner as an b. May not exceed the portion contributed by the employer. c. May not exceed 50% of the Social Security benefits received d. May be zero or as much as 85% of the Social Security benefits received Security benefits and other income e....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT