this post was submitted on 07 Dec 2023
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chapotraphouse
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Adding on to the chorus telling you that legally speaking, tips are required to be reported as income and taxed.
Now of course, many people don't report their tips in spite of this requirement, and because of the nature of cash tips it is very rare that this requirement is ever enforced. So it is very unlikely that you will face any legal repercussions for not reporting your tips. However, choosing not to report can have other effects besides legal action. For example, if you lose your job and try to claim unemployment, the unemployment benefits you receive is usually calculated as a percentage of your average income from your most recent period of employment. So if you under-report your tips, that can have a significant impact on the unemployment benefits you are entitled to.
Right and its illegal to go over the speed limit.