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How are tipped employees taxed 2024?

Charlotte Wilson | 2023-06-06 06:31:58 | page views:1880
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Grace Martinez

Studied at University of Michigan, Lives in Ann Arbor, MI
If your employee does make more than $20 in tips per month, you are responsible to withhold income, Social Security, and Medicare taxes on reported tips. You are also required to pay the employer's portion of FICA and FUTA taxes on the tips.Sep 5, 2013
2023-06-09 06:31:58

Charlotte Gonzales

QuesHub.com delivers expert answers and knowledge to you.
If your employee does make more than $20 in tips per month, you are responsible to withhold income, Social Security, and Medicare taxes on reported tips. You are also required to pay the employer's portion of FICA and FUTA taxes on the tips.Sep 5, 2013
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