What percentage of gross food and beverage sales is used in determining the amount of tips that an employer must report as allocated to employees?

Name: What percentage of gross food and beverage sales is used in determining the amount of tips that an employer must report as allocated to employees?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The IRS requires employers to report tips amounting to 8 percent of their gross food and beverage sales, unless they can prove that a lower percentage is justified.

What Percentage of Gross Food and Beverage Sales Is Used