Is rounding tips down to avoid cents a problem for taxes?

Valen said:

Wylie said:
Seems fair as long as $78.56 rounds to $79.

We round $78.56 down to $78.

That should definitely be rounded up to $79.

It’s pretty common for restaurants to round like this when checking the books. Whether the law cares is another story. Technically, any income is taxable.

Off-topic for a second, but where do all the pennies go? I bet the shop owner is taking them. Over time, that’s adding up.

Cass said:
Off-topic for a second, but where do all the pennies go? I bet the shop owner is taking them. Over time, that’s adding up.

We get to take all our tips home, including the pennies, at the end of the night.