American International Group, Inc. â also known as AIG â is an American multinational insurance corporation with more than 88 million customers in 130 countries.AIG companies employ over 64,000 people in 90 countries.The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).IG companies employ over 64,000 people in 90 countries. The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).
One day he slipped and injured his back when walking into the pubâs kitchen. He made $8.00 an hour plus any tips he received. Big Inningâs workersâ comp insurance company didnât include his tip income when it calculated his comp payments. Negriev appealed that decision. The insurance company said since the bartender hadnât reported the tips for federal income tax, they shouldnât be included in calculations for workersâ comp. But Negriev was able to show that even though he didnât report the tips for tax purposes, he did report them daily to his employer at the end of each shift.
Service charges added to a bill or fixed by the employer that the customer must pay, when paid to an employee, will not constitute a tip but rather constitute non-tip wages. These non-tip wages are subject to Social Security tax, Medicare tax and federal income tax withholding.In addition, the employer cannot use these non-tip wages when computing the credit available to employers under section 45B of the Internal Revenue Code, because these amounts are not tips.he employees must give you written reports by the tenth of the following month. Employees who receive tips of less than $20 in a calendar month are not required to report their tips to you but must report these amounts as income on their tax returns and pay taxes, if any.