Tip Rate definition
Examples of Tip Rate in a sentence
In accordance with a Tip Rate Determination Agreement between my employer and the Internal Revenue Service, I agree to report my tips to my employer, as required by law, at or above the tip rate established by my employer and approved by the IRS for my Occupational Category.
If Employees in an Occupational Category receive both charge and cash tips, the Employer may determine tip rates based on the formula set forth in Attachment D, Formula for Tip Rate Calculation.
After May 31, 2005, the Commissioner may terminate prospectively the Tip Rate Determination/Education Program and all TRAC agreements.
Release date: April 24, 2000 This Tip Reporting Alternative Commitment (TRAC) agreement is part of the Tip Rate Determination/Education Program that the Internal Revenue Service implemented in 1993 to promote tip reporting compliance by employees in accordance with the Internal Revenue Code of 1986.
By By TITLE TITLE EIN# Address Address Date Date: Occupational Category Outlet Shift Tip Rate Yr. 1 Tip Rate Yr. 2 Tip Rate Yr. 3 I am an employee of , and by signing this agreement I am choosing to participate in the tip reporting program administered by my employer under the Gaming Industry Tip Compliance Agreement between my employer and the Internal Revenue Service (Service).
A gaming industry employer under any existing tip compliance agreement with the Service, including a Tip Rate Determination Agreement, may request to change to a Gaming Industry Tip Compliance Agreement.
The process established in this paragraph B.(3) for the revision of a Tip Rate upon the occurrence of specific events in no way limits the circumstances that may give rise to a request for revision of a Tip Rate under the mutual agreement process described in paragraph B.(2) of this section.
The calculation for determining whether the $15 per hour minimum has been met shall be to add the base wage rate plus the Tip Rate.
After December 31, 2005, the Commissioner may terminate prospectively the Tip Rate Determination/Education Program and all TRDAs.
The Internal Revenue Service is ex- panding its Tip Rate Determination/Edu- cation Program (TRD/EP), which is de- signed to enhance tax compliance among tipped employees through taxpayer edu- cation and voluntary advance agreements instead of traditional audit techniques.