Alright, let's break down the requirements to determine when Vanhi must inform the employer of her $200 in tips earned in June on Form 4070 for federal income tax and FICA withholding purposes.
1. Understanding the Requirement: The IRS mandates that employees must report their tips to their employer to ensure proper withholding for federal income tax, Social Security, and Medicare taxes. According to this regulation, employees need to report their tips by the 10th day of the month following the month in which they received the tips.
2. Month of Tip Earnings: Vanhi earned the tips in June. Therefore, the month where the tips were collected is June.
3. Deadline for Reporting: As per IRS guidelines, Vanhi needs to report the tips by the 10th day of the following month. Since she earned the tips in June, the following month is July.
4. Exact Deadline Date: The 10th day of the following month (July) would be July 10.
Therefore, Vanhi must inform the employer of these tips on Form 4070 by July 10.
So, the correct answer is:
July 10.
