When I Start Working, Do I have To Pay Tax's? and Why?

You will pay taxes and they take most of it from your paycheck. If you will earn less than $5800 for the year you can file exempt and they will not take any taxes out (just social security and medicare). You pay taxes to support the government. Roads, police and fire services, etc.

Yes you will have to pay taxes and it will all be decided by how much you earn in comparison to what you file on your w-4's (Which will be single). Single holds a higher rate of taxation because you only support yourself and no there is no way to change this unless you have a child you are in immediate care of or a spouse. So yeah get ready you will be taxed. The why is pretty obvious taxes keep the country going. The when is immediate. Right out of your first check lol. Now the good part is you will be eligable for a tax refund federal and state come fiscal year end. Not to burst your bubble but don't expect state to give much back. But your federal return will be decent compared to your pay in. Now Social security and such you will not be reimbursed for. It will take the biggest portion of what is taxed on your check. But don't worry too much about these things generaly with a part time job at a retail store your taxes won't be real high.

Yes you have to, because the law says you do.Why shouldn't you have to?

They'll deduct tax from your paycheck. Social security and medicare total 5.65% of your pay for the rest of this year, then go back to the normal 7.65% in 2012 unless something changes. Depending on what you make, you might also owe federal income tax, and might have to file a tax return at the end of the year

1. Yes, you will start paying taxes as soon as you start working. If your wages are very low you might not pay any federal income taxes but you will be paying FICA taxes from your first dollar of income.

2. Why? It's the law.

Yes, you pay income tax if it s applicable. You pay it b/c it's the law. They will deduct it directly from your check. The only way to pay less income tax is to make less money.

When you have to fill out a W-4 form Employee's Withholding Allowance Certificate just do it the simple easy way claim single and -0- Allowances fill it in completely and then sign the W-4 and make a copy for your records and give the signed W-4 to your employer at that time in your life.

Use the search box at the www.irs.gov website for the W-4 form

http://www.irs.gov/pub/irs-pdf/fw4.pdf?portlet=3

And a lot of possible information to questions that you have NOT even thought about YET at this time in your life.

YES you do as soon as start working earning income from performing any type of services W-2 form from an employer after the end of the tax year that will have the amounts of GROSS income the Box 1 and any $ amount that might have been withheld as estimated federal income taxes in the Box 2 $ amount that you would get a credit for on your 1040 income tax return and then you might be able to qualify for a REFUND of the $ of FIT that was withheld during the tax year.

And you also can even taxable income that you do have to work for that would also taxable income to you that you would be required to report on your 1040 federal income tax return in the year that the amount is received and available to you for your use during the tax year.

Social security and medicare taxes (FICA)

A type of retirement trust fund (social security benefits) and medicare (insurance payments) are for use in the future when you and some of your survivors qualify for any of the benefits that will be available at some time in your life in the future.

FICA stands for "Federal Insurance Contributions Act." It’s the tax withheld from your salary or self-employment income that funds the Social Security and Medicare programs.

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.

Self employment taxes when you do NOT have an employer but any type of services that is producing income for your services would be a BUSINESS operation and you would be required to use the schedule C and the SE of the 1040 income tax return and PAY all of your FICA taxes your self at that time in your life on the NET PROFIT $$$ amounts

form the schedule C and the SE plus any income tax that you might by liable for when your 1040 income tax will be correctly completed in the next years tax filing season after the end of the current tax year.

And here you go using the below information should help you get started for your first year as a self employed independent contractor and as you progress and your business starts to grow you may even need some good professional assistance with it for your future.

Schedule C and the SE of the 1040 federal income tax return read each line when you start at the top of the page on the schedule C for your self employed independent contractor business operation your name is fine your social security number is fine and your present home address can all be used for this purpose just do NOT try to make it complicated and read each line and word and understand what it says and do what it says and then you should NOT have any problem.

You can also find the line by line instructions for the schedule C by using the www.irs.gov website and using the search box for the schedule C 2010 Instructions for Schedule C (2010) 2010 Table of Contents Profit or Loss from Business

http://www.irs.gov/instructions/i1040sc/%E2%80%A6

Specific Instructions

http://www.irs.gov/instructions/i1040sc/%E2%80%A6

For your 1040 Federal income tax reporting you would use the below enclosed information for this purpose.

Use the search box at www.irs.gov for Publications and Forms for the Self-Employed

http://www.irs.gov/businesses/small/arti%E2%80%A6

All of your gross income from all sources of worldwide income will be reported on your correctly completed 1040 federal income tax return.

Using a receipt book to make a receipt for each time that any one pays you in any way or item or trade for the amount of $$ value that is received at that time and totaling the gross self employed income for the tax year with any other 1099-MISC income that is received after the end of the tax year and entering the total gross $$$ value amount on the schedule C line 1 GROSS receipts from your trade or business

For instructions and forms go to the IRS.gov website and use the search box for publication 334 a very good place to start with examples.

Publication 463 Travel, Entertainment, Gift, and Car Expenses

Use the search box at the www.irs.gov website for Small Business and Self-Employed Tax Center

Go to the IRS gov website and use the search box for the below referenced material

*Publication 4591, Small Business Federal Tax Responsibilities (PDF 470.1K)

http://www.irs.gov/

http://access.wa.gov/business/taxes.aspx

Hope that you find the above enclosed information useful and good luck to you. 11/07/2011

Depends on how old you are in Ohio. If your under the age 16, I don't think you do. I'm not sure. But, If you above the the age, yes, you do have to pay taxes regardless. Sorry, that's part of growing up. :)