Module 2: Wage and Tip Income
All income from wages, salaries, and tips is taxable. Wages, salaries, bonuses, and commissions are compensation received by employees for services performed. Tips are received by food servers, baggage handlers, hairdressers, and others for performing services. Wages, salaries, bonuses, commissions, and tips may be in the form of cash, goods and services, awards, and taxable benefits. Use the resources below to learn more about wage and tip income.
Tax Tutorial: Wage and Tip IncomeLearn how taxable wage and tip income is reported.
Fact Sheet: Wage and Tip IncomePrint this fact sheet on wage and tip income.
Simulation 2: Using Your W-2 to File Your 1040EZHelp Cicely King, an athletic trainer, complete Form 1040EZ.
Assessment: Wage and Tip IncomeReview your understanding of wage and tip income.
Check your understanding of wage and tip income. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
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