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Bookmark or Share- Minimum Wages for Tipped Employees - U.S. Department of LaborEmployers with ten or more full time employees at any one location or annual gross sales over $100,000 that are not covered by the FLSA can take a tip credit of no more than 50 percent ($3.62) of the applicable minimum wage of $7.25.
- What Are Tip Credits and How Can Employers Utilize Them ... - PaychexTip credits allow an employer to credit a portion of an employee's tips toward the employer's obligation to pay minimum wage. Tip credits are not deducted from employees' pay; instead, if permitted to take a tip credit, employers may claim a certain amount of gratuities the employer receives against their minimum wage requirement.
- Tip Regulations under the Fair Labor Standards Act (FLSA)An employer that claims a tip credit must ensure that the employee receives enough tips from customers, and direct (or cash) wages per workweek to equal at least the minimum wage and overtime compensation required under the FLSA.
- Understanding Tip Credit: A Simple Guide for EmployersTip credit is a rule that lets employers pay their tipped employees less than the minimum wage, as long as the tips the employees make up the difference. This means if you have staff like waiters who earn tips, you can count part of those tips towards meeting the minimum wage requirements.
- How Tip Credits Work (And Why it Matters So Much) - TriNetWhat it means is this: employers are allowed to count an employee’s tips toward their minimum wage obligations. In doing so, employers are using something called a “tip credit.” But what is a tip credit, how does it work, and how do employers ensure that they are following the law?
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