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A tax is an amount that is added to the cost of a meal or other items that you purchase and collected for the taxing authorities in that area and a tip is a gratuity or gift usually given to a waitress or waiter or someone that is providing some services to you that you like or appreciate what they are doing.
What else can I help you with?
Should you tip your tax preparer?
No, there is no need to tip a tax preparer.
How is a tip similar to and different from sales tax?
a tip goes to a waiter a tax goes to the gonverment and a tip is a percent so is a sales tax
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
Which comes first tip or tax?
it doesnt matter because they both add up
Which tax forms reports an employees yearly wages tip and compensation?
its a w-2
Should you tip your tax preparer?
No, there is no need to tip a tax preparer.
How is a tip similar to and different from sales tax?
a tip goes to a waiter a tax goes to the gonverment and a tip is a percent so is a sales tax
Does the tip include tax in the total bill amount?
No, the tip does not include tax in the total bill amount.
Should you tip on the tax amount when dining out?
Yes, it is customary to tip on the total amount of the bill, including the tax, when dining out.
Do you tip on tax when dining at a restaurant?
Yes, it is customary to tip on the total amount of the bill, including tax, when dining at a restaurant.
Should you tip before or after tax?
It is generally recommended to tip based on the total bill amount, including tax. This ensures that the tip reflects the overall cost of the meal or service.
Do you typically include the tax amount when calculating your tip at restaurants"?
Yes, it is customary to include the tax amount when calculating your tip at restaurants.
Should the tip include tax when dining at a restaurant?
No, the tip should not include tax when dining at a restaurant. Tips are typically calculated based on the pre-tax total of the bill.
Should you tip before or after tax when dining out?
It is generally recommended to tip based on the total bill amount, including tax, when dining out. This ensures that the tip reflects the overall cost of the meal and the service provided.
Should you tip on tax when dining out?
Yes, it is customary to tip on the total bill amount, including tax, when dining out. Tipping on tax is a common practice to show appreciation for the service provided by the restaurant staff.
How do you figure out the tip of your restaurant bill?
In most social situations it is considered acceptable to leave a tip of 10% of the original bill. So, for example, if you eat at Macdonalds and wish to leave a tip, and the bill is $6.56, then a tip of $0.66 should be left.
Are tips tax deductible?
To the person receiving the tip, no they must be reported on the tax return as tip income.To the person giving the tip, usually no as they are no different than any ordinary payment at the restaurant, hotel, etc. where you paid the tip. However it might be possible to deduct them under business expenses if this related to business travel or a business meeting. Consult a tax professional.
