Do you get taxed for working?

Career Opportunities & Internships
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<p>I wanted to get a summer job but I'm a junior in hs.Also in college if you do a work-study do you get taxed and are you paid min. wage?</p>

<p>Sent from my SPH-M910 using CC</p>

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<p>Yes, you get taxed for working. You will be taxed at the federal, state and local levels, though the amount you will be taxed varies based on earnings and location; use Google to find the tax rates in your location. </p>

<p>If you are a junior in high school, what is stopping you from getting a job? The legal working age in the United States is 14…</p>

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<p>Well, you pay taxes on earned income, yes.</p>

<p>But many students who work part-time earn so little that they pay next-to-nothing in federal and state income taxes, because the first several thousand dollars that you earn are exempt from taxation. </p>

<p>When you’re paid, your employer will deduct tax payments from your wages and pay them to the appropriate government bodies. This process is called withholding. There will normally be federal income tax, state income tax, Social Security tax and Medicare tax. You can’t really do anything about the Social Security tax or the Medicare tax, but you can do something about the income taxes. When you file tax returns the following year, if you have paid (through employer withholding) more income tax than you actually owe, the government (federal, state or both) will refund the excess tax that you have paid. Or, if you are quite sure that you will end up with little or no tax liability at the end of the year (that is, that the amount you will owe for federal or state income tax is little or nothing), then you can have your employer adjust your withholding accordingly, and the income taxes won’t be over-withheld from your paychecks in the first place.</p>

<p>But you’ll still have Social Security and Medicare taxes withheld, and you won’t get them back.</p>

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<p>If your parents claim you as a dependent and are middle class, it’s likely that you’ll owe taxes on every dollar you make, even if you make next-to-nothing. If you’re not a dependent (you file your own taxes), then there’s a personal exemption that should result in most part-time job paying no taxes (though you need to prepare your taxes to verify this - otherwise the IRS will audit you and you might owe back taxes with a penalty).</p>

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<p>Even though a wage earner who can be claimed as a dependent on somebody else’s return can’t claim a personal exemption, I think you still won’t owe tax on literally every dollar you earn. There’s still a standard deduction for dependent wage earners ([Publication</a> 501 (2011), Exemptions, Standard Deduction, and Filing Information](<a href=“http://www.irs.gov/publications/p501/ar02.html#en_US_2011_publink1000221069]Publication”>http://www.irs.gov/publications/p501/ar02.html#en_US_2011_publink1000221069)).</p>

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<p>yes you will be taxed, some schools have a student wage that is higher than minimum wage. Ask the HR department is there is an official student wage</p>