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Title: How does your small business payroll software handle tips income? Post by: Real Business Solutions on May 23, 2007, 01:21:54 PM There are already two built-in reported tip incomes:
''Tips Received Directly by Employee" "Tips Paid by Employer". When creating a new income category, there is a Reported tips option: This option allows you to set the income as a reported tip to be listed under Social Security tips on Form W-2. When you set this option, Payroll Mate will automatically apply Social Security Tax to this income. |