{"id":293,"date":"2011-07-16T22:24:07","date_gmt":"2011-07-17T03:24:07","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=293"},"modified":"2024-11-23T08:32:11","modified_gmt":"2024-11-23T13:32:11","slug":"students-make-the-most-of-your-summer-job","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=293","title":{"rendered":"Students: Make the most of your summer job."},"content":{"rendered":"

This summer, many students will be taking on summer jobs.\u00a0 However, many are unaware of the tax consequences involved with employment.\u00a0 Additionally, many students fail to establish a savings goal.\u00a0 <\/span><\/p>\n

For example: <\/span><\/p>\n

1. Form W-4, Employee\u2019s Withholding Allowance Certificate must be completed.\u00a0 Employers use this form in order to withhold taxes from your paycheck. \u00a0The IRS website has a useful Withholding Calculator on to assist with completing Form W-4. Visit <\/span>www.irs.gov<\/span><\/a>.<\/span><\/p>\n

2. Use the summer job as an opportunity to set a savings goal. The website www.YoungAmericaSaves.org<\/a><\/span> <\/strong>is a very useful tool.<\/span><\/p>\n

3.\u00a0 Remember that money received from tips are taxable and so are earnings from self-employment. <\/span><\/p>\n

3. Do your research and find a good a savings account.\u00a0 The website <\/span>bankrate.com<\/span><\/a> is a great tool for finding the right account to suite your needs.\u00a0 <\/span><\/p>\n

4. Lastly, parents should try to serve as role model for their children.\u00a0 Setting clear expectations and making the most of your savings will enable your children to follow a good example. \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

This summer, many students will be taking on summer jobs.\u00a0 However, many are unaware of the tax consequences involved with employment.\u00a0 Additionally, many students fail to establish a savings goal.\u00a0 For example: 1. Form W-4, Employee\u2019s Withholding Allowance Certificate must … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,19,41,4],"tags":[46,45,6,39],"class_list":["post-293","post","type-post","status-publish","format-standard","hentry","category-education","category-employment","category-personal-finance","category-savings","tag-education","tag-employment","tag-personal-finance","tag-savings"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=293"}],"version-history":[{"count":2,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/293\/revisions"}],"predecessor-version":[{"id":295,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/293\/revisions\/295"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}