Federal allowance question? I'm 17 years old.?

Question

What should I put on my federal allowance if I am a dependent of my mom? should I put 0 or 1? If I put 1, do I owe the government that I should pay at the end of the year?? please help me!..... I'm making 10 dollars/hour 40 hours/week.

Answer 1

Plug them both in to see how much tax is taken out.  You will get most of it back when you file your taxes either way.

http://www.paycheckcity.com/netpayhrates...

Answer 2

If you are a dependent, the safest way to do this is to put 0 allowances.  

If you do not owe all the tax withheld it will be refunded to you.

If you are a dependent, you have to earn more than $5,450 before you owe any tax even if you do not claim yourself.

Answer 3

If you put zero more will be taken out of your check, but you will get more back later.  Do a search for a W4 form.  Fill this form out and it will tell you the number you should claim.

Answer 4

put down 1.

You'll get less money taken out of your check,which is good, but you'll probably owe money at the end of the year.

Put down zero and you'll be giving the goverment a zero interest loan. s***w that. I rather owe than be waiting to get back my money.