1 Answer
Box 8 - the total in allocated tips. If you worked in a restaurant but didn't report all your tips to your employer, then this box lists the difference between what you reported in tips and your share of 8% of the restaurant's income. If there is any amount listed here, it was not included in Box 1, the total of wages and salaries.
When you report your salary on your 1040, you need to add Box 1 and Box 8 and enter this total on your 1040 for "wages, salaries, and tips". If you do have a number in Box 8 you also need to complete Form 4137, Social Security and Medicare Tax on Unreported Tip Income
That means you sill pay more income tax and more FICA.
| 13 years ago. Rating: 0 | |
Top contributors in Uncategorized category
Unanswered Questions
mm88group
Answers: 0
Views: 7
Rating: 0
i9bet2hart
Answers: 0
Views: 4
Rating: 0
SC88 Casino: Bi quyet chinh phuc thang loi de dang - Co that hay chi la loi don?
Answers: 0
Views: 7
Rating: 0
Estratégias para apostar e ganhar mais no 57SBet
Answers: 0
Views: 12
Rating: 0
65kgames
Answers: 0
Views: 10
Rating: 0
thabetbroker
Answers: 0
Views: 15
Rating: 0
Singapore Escort
Answers: 0
Views: 14
Rating: 0
RIKVIP
> More questions...
Answers: 0
Views: 11
Rating: 0
suejoe
Jack Large