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Remember Uncle Sam -- teens and taxes

That first paycheck can be a real bummer when you see what is automatically taken out.

You can expect to pay federal income tax and FICA (Federal Insurance Contributions Act), which are the withholdings for Social Security and Medicare.

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Never mind the teacher, beware of the taxman, Special rules for reporting a minor's investment income, When you need to file an income tax return

-- Posted: Jan. 20, 2003

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