I work in the beauty industry where we get paid minimum wage and also receive cash tips. The amount varies drastically day by day and I don’t really keep track of it because I usually use it to buy breakfast and lunch.
A $2 minimum wage increase just went into effect at work and my employer says that because of this, they are going to claim $20 in tips for every 10 hours worked. I work 40 hours a week at (now) $13 an hour and I can’t figure out how this will change my take-home pay. Will this basically “cancel out” the raise or is it negligible? I guess I also don’t understand what the benefit to the employer is, if I get taxed only a few dollars per $20.
Since the $20 isn’t really being “added” to my pay, is the tax just going to be taken out of my regular paycheck?
I live in New York City if that helps.
Thanks!
Submitted January 23, 2018 at 09:55PM by ElusiveChartreuse http://ift.tt/2DBiOCk
