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What Are Allocated Tips On W2? [Solved]
Allocated tips are tips your employer assigned to you in addition to the tips you reported to your employer for the year. If your employer allocated tips to you, that amount will appear in Box 8 of your W-2. No income, social security, or Medicare taxes are withheld on allocated tips.
What’s a W2 Form - W2 explained
What’s a
Understanding W2
Box 7—
Tip Income Reporting
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