BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tips earned by a server in a fashionable restaurant
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Taxable
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Nontaxable
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -There is no dispute that tips are taxable income, but it is income from other sources, the court said. According to the court, the employer merely acts in a fiduciary capacity as a trustee for payments that are received from customers, which they disburse to their employees for services rendered to the customer.
There is 1 question to complete.