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What should I put on my withholding status ( exempt or non-exempt) and I am a single and full time student.

 
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What should I put on my withholding status ( exempt or non-exempt) and I am a single and full time student.

NEVER claim exempt since the penalties for getting it wrong are painful ... instead adjust your allowances ... if you want less withholding increase the number on the W-4 line 5. If you are a dependent and will make less than $12K for the year enter a 2 on line 5 otherwise you will enter either a zero or one depending on what your annual income will be including this job.

Try these tools:

http://www.irs.gov/Individuals/IRS-Withholding-Calculator

https://turbotax.intuit.com/tax-tools

http://turbotax.intuit.com/tax-tools/calculators/taxcaster

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