The definition of a datum is a fact used to make a conclusion or a point of reference in geography or geology. An example of a datum is a new scientific discovery used to reach a conclusion about the common cold.
How do you estimate minimum cash balance for the company? 2 ways I heard about are: 1) keep it equal to cash balance on B/S and 2) based on Net Working Capital. Is any of those methods preferred? Is there any other school of calculation that? And, if NWC method, then what exactly do you include in calculation (like include or excl.
The minimum you need to declare is $80. 1  If you make $200 completely in cash tips, you just need to say you made $80 and that's all you're taxed on. 2  If you make $200 completely in credit card tips, then you are automatically taxed on that $200.