Tag Archives: money

Navigating American Service Culture: to tip or not to tip?

By Tara Khan

Edited by Natalie Grace Sipula

[2.5 minute read]

When you walk into a store in the United States, you are usually met with a friendly greeting such as, “Welcome!” or “Hi, how are you today?”. Typically, these greetings tend to be followed by a question such as “How can I help you?” or “What would you like?”. Employees will ask these questions to give you a more positive shopping or dining experience. In exchange for their friendly service, service industry workers usually receive some type of extra compensation in addition to their standard pay. This compensation either comes directly from you, the consumer, in the form of a tip, or from the business in the form of commission. It can be confusing to know when and where you’re expected to tip in the U.S., so here are some helpful examples of when tipping is recommended or not recommended.

clear glass jar
Photo by Sam Dan Truong on Unsplash

Add a tip! The following are situations where tipping is strongly recommended or encouraged:

  1. Restaurants: When dining in at full-service restaurants, tipping is customary. The amount you tip your waiter/waitress is usually proportional to how much your check is and how good the service was. If you thought the service was good, the general rule is to tip 15-20% of your check, pre-tax. A tip of 10% or below usually indicates that the service was poor, while a tip of 25% or more indicates the service was excellent. You can leave your tip in cash, but if you want to pay with a card, there is usually a place to add a tip on the receipt that you sign. Not tipping at a dine-in restaurant is typically considered to be rude, so always factor in the tip into your eating out budget!
  2. Counter service/fast food: Unlike at dine-in restaurants, counter service establishments, such as fast-food restaurants or coffee shops, typically make tipping optional. Usually, you can find a tip jar next to the cashier for cash tips. There might also be an option to add a tip on the credit card machine if you pay by card. If you are getting a $5-$10 item, a tip of $1-2 is usually acceptable, and is by no means required. Tipping at counter service establishments is an added bonus for the employees, and just something nice to do if you really enjoyed the service!
  3. Hair salons/nail salons: Tipping at beauty salons, such as hair and nail salons, is also optional. However, it is highly encouraged if you like the final product. The tip is usually 18-20%, but it can vary depending on how much time was taken to do the service as well as the number of services performed.
  4. Rideshare: Depending on the length of your ride, tipping on rideshare services, such as Uber or Lyft, may be appropriate. Generally, tipping about 10% of your ride price is acceptable, but not something you have to do all the time.
green coupe scale model
Photo by Thought Catalog on Unsplash
Continue reading Navigating American Service Culture: to tip or not to tip?

Five Tips for Filing Your Taxes

By Colette Au

Since taxes aren’t due until April 15th, 2018, filing your 2017 fiscal year taxes might seem a long way away, but I’ve already started preparing for it. I’m in charge of USC Volunteer Income Tax Assistance (VITA), a student-run club that is part of a nation-wide IRS volunteering program. We provide free tax preparation services to low- and middle-income individuals and families, including international students and residents living in the neighborhood around USC. If you’re like most students, you probably haven’t needed to file your own tax return (or perhaps your parents did it for you). Although I’m not allowed to give tax advice because most advice is very situational, here are a few tips for students doing taxes for the first time:

  1. If you’re working an on-campus job this year, look out for a W-2

Form W-2 is a slip of paper that employers give you that lists your wages and any taxes withheld for the year. You’ll need this information to input on your tax return, so make sure you save it when it comes in the mail (usually in January or February). For students working on campus, you can elect to download a copy from Workday. If you work multiple jobs, you will have multiple W-2s. Note: if you’re self-employed (for example, doing some freelance work on the side), you’re still supposed to report income, even if the transactions are in cash.

  1. Keep track of your educational expenses

Did you know that it’s possible to lower your tax bill by deducting the cost of required textbooks? Make sure you save your receipts from the Bookstore, because you might be able to shave a couple hundred dollars off of your taxes if you owe anything. However, the tuition and fees deduction isn’t available for people that the IRS calls “non-resident aliens” (most international students). There are also education credits for people who are paying tuition out-of-pocket, and USC will send you a form called Form 1098-T so you can report that information on your tax return.

  1. There are different returns for residents and non-residents

If you’re an international student, don’t make the mistake of not checking if you’re a resident or not. Most international students are considered “non-resident aliens” because they are “exempt individuals” (IRS jargon) and have a different set of tax forms. The IRS uses a residency test to determine if you’re a resident for tax purposes, which you can read more about here.

  1. You might not have to file! But you need to check if you do

Generally, if you’re working an on-campus job, you are only required to file if you make more than a few thousand dollars. Even if you don’t need to file, you should consider filing a return in order to get a tax refund. The IRS has an article called Publication 501 about filing requirements here. If your employer deducts more taxes from your paychecks than you owe at the end of the year, you can get your money back!  

  1. Take advantage of USC resources

If you don’t want to put in the time and effort to learn how to do your taxes on your own, save yourself the hassle. If you meet the income limits, you can get your taxes done by free by students! Most students working in the VITA program are accounting majors like me, and some of us actually enjoy learning about the American tax system.

In summary, filing your taxes in the U.S. can be very complicated. There are exceptions to almost every rule so you have to be careful and assess the facts of your own financial situation before you can correctly file your taxes. If you’re feeling lost in the tax system, it’s okay to ask for help. In fact, it’s better that you do because that last thing you want is the IRS coming after you for filing your taxes incorrectly.

Featured image by Sharon McCutcheon on Unsplash

Originally from Portland, Oregon, Colette is a junior in the Leventhal School of Accounting and Marshall School of Business. Born to immigrant parents from mainland China and Hong Kong, she is no stranger to bridging lingual and cultural gaps. As her high school offered an international boarding program, she made friends with classmates from all over the world. At USC, Colette participates in several service-oriented clubs on campus, including as president of Volunteer Income Tax Assistance (VITA) and an e-board member of Project 32 Tutoring. Singing, playing piano and guitar, and eating all kinds of foods (especially dessert) are some of her favorite hobbies. In summer 2018, she will be interning in San Jose at Deloitte, a public accounting firm.

Exploring Los Angeles on a Budget

By Caroline Donat

As a Trojan who is not an LA native, I have a desire to make Los Angeles “my city,” one that I love, inhabit, and know like the back of my hand. I find that I need to travel outside of the University Park area in order to really understand the dynamics of the city. It is challenging to get the feel of LA without your own car, and a longboard can only take you so far. Often, it is hard to justify exploring as it can seem like the only thing you can do is buy food or go shopping, required money that you don’t have. However, with planning, it is actually viable to get out and about while having a cheap or free adventure, no car required.

Santa Monica

Photo from Pixabay

One of the most popular Trojan weekend getaways, Santa Monica beach, pier, and Third Street Promenade can be reached in 45 minutes by the Expo Metro Line, which conveniently has a station right outside of campus. Swim and chill on the beach, take a walk down the pier to watch the sea and ride ferris wheel, and go window shopping or coffee-drinking around the Promenade. You might even get to catch a show from street performers. Better yet, if you venture out on Sundays between 4pm to 9pm., you can salsa dance in the middle of 3rd Street (between Wilshire Bl. and Arizona to dance)!

Photo from Wikimedia Commons

Travel (both ways): Metro, 1.5h

Total Cost: $3.50

Continue reading Exploring Los Angeles on a Budget