Are waitresses required to report tips as income. how does the government know how much tips waitresses make?
Answers: They do have to report it. The government estimates how much they believe is average so the amount reported should be simular. This is another reason to tip generously because they have to pay taxes on their tips so if you stiff a waitress the government is still taxing her on what they believe she should have made.
Yes. They base it on 8 percent of sales. The restaurant reports the waitress's sales to the IRS. You are supposed to report all of your tips, but most people don't.
Help PLEASE!?
I have approached a investor for a business notion i have, he is asking me to evaluated the marketplace sector appropriate to my idea/opurtunity. Through documentation, what does it mean and how should i present it ? (excel ,word etc) If anyone have a format that i may borrow for use it would be great.Thanks in credit
Answers: It means viability. Example - You want to sell hot dogs contained by Yahoo, OH - Questions that you need answered in the past you begin are call the feasibility study. It covers such things as competitors, open market reach, marketability, and profitibility. In other words, selling hot dogs contained by a location which is prime with fit eating retiree's newly doesn't make sense. You obligation to make sense of the marketplace and decide if it is a pious fit for your product/service.
What is reserve?
has to do something beside moneyAnswers: Eddy t answer also applies to banks and constant other financial inst's. But, it can also apply to people's ability to stay inwardly themselves, which is a generally desireable social trait.
A performing company provide some reserve out of its profit surrounded by its book, after each accounting year. Its similar to our saving from our earnings.