tip out

== English == === Etymology 1 === From tip (“tilt”). ==== Verb ==== tip out (third-person singular simple present tips out, present participle tipping out, simple past and past participle tipped out) (transitive) To extract (something) by tipping over the container that contains it. ===== Related terms ===== tip over === Etymology 2 === From tip (“give a gratuity”). ==== Noun ==== tip out (plural tip outs) An amount or percentage of a server's tips that the server shares, either voluntarily or as mandated in a tip sharing or tip pooling agreement, with other employees such as bussers, bartenders, and host/hostesses whose job duties indirectly assist the server. ==== Verb ==== tip out (third-person singular simple present tips out, present participle tipping out, simple past and past participle tipped out) (of a person who receives tips for their work) To provide a percentage of tips to certain co-workers who support the work done by the waiter. "You cannot deduct tip-outs (the tips you split with other employees) on your tax return. Nor can you deduct them from your allocated tips. The practice of tipping-out is one of the reasons you should keep a detailed daily log of your tips. If you documented that you tip-out, and you reported all your tips to your employer, then you do not include in your income the allocated tips in box 8 of Form W-2." [extract from U.S. Internal Revenue Service Bulletin 4.12 Interest/Dividends/Other Types of Income] === Anagrams === pit out