What Is the FICA Tip Credit? Five Things for Restaurants to Know About an Often-Missed Tax Credit
Modern Restaurant Management
MARCH 30, 2023
was the federal minimum wage in effect on January 1, 2007). A Few Key Industries Are Eligible The FICA tip credit is available only for businesses that are in the food and beverage industries which can also include hospitality if the company operates restaurants as part of their business. Your employee's total wages exceed $5.15
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