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On 2009 W-2 (Wage and Tax Statement) forms, 'local wages, tips, etc.' are entered by your employer on line 18. The phrase 'Local wages, tips, etc.' refers to income from which local or city tax was withheld. The amount that was withheld is listed on line 19 'Local income tax'. In some states, certain cities withhold local taxes from wages/salaries/tips in addition to federal and state income tax withholding. For example, New York City withholds a local income tax.
What else can I help you with?
What is included in gross pay?
wages and tips
What is the income from working a job called?
On the IRS Form 1040, it's called "wages, salary and tips".
What do the gross pay and net pay mean?
Gross pay is the amount of your earnings, wages, salary, tips, etc before any withholding is calculated to be withheld from the gross pay to equal what your net take home pay will be in your paycheck that will be issued to you. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc that they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will be issued for the net amount of your earning (wages).
As a waiter do you have to claim all you made?
If you're asking "is it legal to commit tax fraud", then ... no, it's not.There's a box on the Federal form 1040 (and 1040A, and 1040EZ) that says "Wages, Salaries, and Tips". If you don't include all your tips in this amount, then you're committing tax fraud.
What of these tax forms reports an employee yearly wages tips and other compensation?
The tax form that reports an employee's yearly wages, tips, and other compensation is the Form W-2. Employers must provide this form to their employees by the end of January each year, detailing total earnings, taxes withheld, and other compensation-related information for the previous tax year. Employees use the W-2 to file their income tax returns accurately.
What is included in gross pay?
wages and tips
What is wages, tips, and other compensation?
Wages, tips, and other compensation refer to the money earned by an individual for their work, including regular pay, tips received, and other forms of payment for services rendered.
Are tips included in wages for a garnishment in Michigan?
Tips are not included in wages that are garnished in Michigan unless they are reported as your income. If they are reported, than the up to 25 percent garnishment comes out of that.
Is felt tips a common noun?
The noun phrase 'felt tips' is a noun phrase made up of the common noun 'felt' and the plural common noun 'tips'.The noun phrase 'felt tips' functions as a compound noun, a common noun, a general word for a type of pen.
To what extent are tips considered wages under the FLSA?
their is no full tip credit
Why do barbers get tips?
Almost all service workers get tips because they work for low wages and you give them a little extra if they do a good job.
Is tip a common noun?
The noun phrase 'felt tips' is a noun phrase made up of the common noun 'felt' and the plural common noun 'tips'.The noun phrase 'felt tips' functions as a compound noun, a common noun, a general word for a type of pen.
Where can I find information about wages, salaries, and tips to report on my 1040 tax form?
You can find information about wages, salaries, and tips on your W-2 form, which your employer provides to you. This information should be reported on your 1040 tax form when filing your taxes.
What are the types of wages?
There are several types of wages, including hourly wages (based on hours worked), salary wages (fixed amount per period), commission wages (based on sales), and piece-rate wages (based on units produced). Bonuses and tips are also forms of wage compensation.
What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
What is the income from working a job called?
On the IRS Form 1040, it's called "wages, salary and tips".
What happenis if a waiter doesnt make up enough tips to make minimum wage?
Waiters do make minimum wage as their base salary. Tips are additional wages they make.
