Tips, They Get No Respect

Q. I am a waitress in Florida claiming single – 1 on my W-4.  I am paid bi-weekly.  My paystub follows:
55.42 hours @ $3.77 an hour
GROSS Pay     $908.18
FICA                    56.31
MEDI                   13.17
FIT                       86.03
TotVolDed              0.00
CASH TIPS         699.25
This leaves me with a net pay for a two-week period of $53.42.  PLEASE is this correct?

A.  Employees in industries where tips are prevalent have an interesting situation.  Most jobs fall under the Fair Labor Standards Act (FLSA) provisions where employers are required to pay the current federal minimum wage of $6.55 per hour (effective July 24, 2008).  Those who receive tips can Read more »