I need help on the rules for paycheck taxes?

Question

I work for ERI and i am underage but still have a job there as an admin. asst. I get paid 10 dollars an hour since I am only working for the summer but it is not under the table. Can anyone tell me if I will have to pay taxes for working and if so how much?

Answer 1

As far as income taxes go, if you have less than $300 of non-wage income (interest, etc), you won't owe income taxes if your total income for the year is less than $5450.