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Wages received by student employees are subject to
federal, state and city tax deductions. Social Security (FICA) is deducted
during the summer semesters if the student is enrolled in less than a ½ time
status. All taxes will be deducted from
graduate students with less than 5 credits.
The rules for being EXEMPT from federal taxes have
changed. If your parents or another person can (not will, but can) claim
you as a dependent on their tax return, you will have to pay some income tax for
the year and cannot be exempted from withholding.
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