Discussion:Tip income

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Revision as of 02:47, 20 August 2007

Discussion Forum Index --> Accounting Questions --> Tip income

MsTwizz (talk|edits) said:

20 August 2007
How would a salon owner book tip income? It is income to the employee and not the salon, right?

I realize the salon owner needs to pay FICA on the tip income, but what would the entry be? Is there somekind of retained tip account? Thanks,