
· finance
FICA Tip Credit: How Restaurants Calculate and Claim It
The FICA tip credit (IRC 45B, Form 8846) returns the 7.65% employer FICA on tips above $5.15 an hour. How to calculate it, who qualifies, how to claim.

The FICA tip credit (IRC 45B, Form 8846) returns the 7.65% employer FICA on tips above $5.15 an hour. How to calculate it, who qualifies, how to claim.