tip outs

English - Turkish

English - English

Definition of tip outs in English English dictionary: plural form of tip out
tip out: An amount or percentage of a server's tips that the server shares, either voluntarily or as mandated in a tip sharing or tip pooling agreement, with other employees such as bus boys, bartenders, back waiters and hostesses whose job duties indirectly assist the server
tip out: For a person who receives tips in the course of their work, to provide a percentage of tips to certain co-workers who support the work done by the waiter
You cannot deduct tip-outs (the tips you split with other employees) on your tax return. Nor can you deduct them from your allocated tips. The practice of tipping-out is one of the reasons you should keep a detailed daily log of your tips. If you documented that you tip-out, and you reported all your tips to your employer, then you do not include in your income the allocated tips in box 8 of Form W-2..
tip out: (Slang) to have sex with a person other than one's spouse