Question

Which report should you run to determine who is to receive tips and the amount they...

Which report should you run to determine who is to receive tips and the amount they should receive?

  • There is no report that identifies to whom the tips should be paid
  • Unpaid Tips Liability Report
  • 1099 Contractor Balance Summary
  • Sales by Product/Service Detail Report
  • Sales by Product/Service Summary Report

Homework Answers

Answer #1

Answer

Option (a) is correct.

The is no report that identifies to whom the tips should be paid.

Explanation

Please note that sales by product/service detail and summary reports gives information relating to the revenue from sale of products or services. They provide the detailed summary of invoices issued and billed.

Further, 1099 contractor balance summary provides summary of payments by vendor that have exceeded 1099 thresholds.

Further, unpaid tips liability reports shows the unpaid tips amount to employees.

Should you have any query, please comment.

Good Luck!

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