Starting Score: ~500 (12/01/2008)
LOL!!!!
jsucool76 wrote:
DaveSignal wrote:I make decent money. I don't need to exaggerate anything to get credit.
I usually just add four or five zeroes to my income on applications.
No Big Deal...
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
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Here is a question i just thought about..... What if you’re a waiter or waitress? You work off of tips.. Most major restaurants do pay the waiters and waitresses but literally like 2 dollars an hour since the law says they can.. the rest is in tips... In that case, how could you prove what you really make? Some waiters and waitresses make pretty good money!
Tommy5746 wrote:Here is a question i just thought about..... What if you’re a waiter or waitress? You work off of tips.. Most major restaurants do pay the waiters and waitresses but literally like 2 dollars an hour since the law says they can.. the rest is in tips... In that case, how could you prove what you really make? Some waiters and waitresses make pretty good money!
At most major restaurants the servers declare their cash tips daily on the point of sale system, which it adds to the credit card tips and reports on your paycheck as income. Taxes are then withheld from your paycheck based on your hourly wage and your tips, and then the tips are shown on your W-2 and your tax return.
Many restaurants avoid tip income fraud by taxing on and reporting wages plus "expected" tips based on the amount of the checks closed out.
Tommy5746 wrote:Here is a question i just thought about..... What if you’re a waiter or waitress? You work off of tips.. Most major restaurants do pay the waiters and waitresses but literally like 2 dollars an hour since the law says they can.. the rest is in tips... In that case, how could you prove what you really make? Some waiters and waitresses make pretty good money!
Tax returns. If you're underreporting, you can't be heard to complain.
webhopper wrote:LOL!!!!
jsucool76 wrote:
DaveSignal wrote:I make decent money. I don't need to exaggerate anything to get credit.
I usually just add four or five zeroes to my income on applications.
No Big Deal...
I love this one!!! But why stop at 4 or 5? hahaha
As for me, nope, just what I make, actually round it down. 
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
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