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 Remember
Uncle Sam -- teens and taxes
By
Bankrate.com
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.
Links:
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
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