Employees who regularly receive cash tips of $20 dollars or more in a calendar month are subject to federal income tax withholding on the tips

Name: Employees who regularly receive cash tips of $20 dollars or more in a calendar month are subject to federal income tax withholding on the tips
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

According to the IRS, if an employee regularly receives cash tips of $20 or more in a calendar month, the employer is required to withhold federal income tax on those tips.

Employees Who Regularly Receive Cash Tips of $20 Dollars or More