I am 16 and just got a job how do Federal tax and State income taxes work?
like when it comes time to claim them what do i have to do? I work part time at Mc Donalds
Public Comments
- They probably had you fill out a form called a W-4 form, you should put zero on that. They will take taxes out of your paychecks. They'll take 7.65% for social security and medicare, and might take other taxes too. At the end of the year you'll get a form called a W-2 that will show what you made for the year, and what was deducted. Then depending on how much you made, you might have to file a federal, state and/or local tax return. Come back here and ask again in January when you get that, and somebody will guide you through it. It won't be real hard. Good luck on the new job.....
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