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Show Students who earn must pay Roland V. Wise of the Utah Internal Revenue office said today he would like to correct a wide misunderstanding among high school and college students. stu-dents. Many o them think they are exempt from income tax as students and have been disappointed dis-appointed when only part of their withheld tax was refunded. refund-ed. He said that a student is liable lia-ble for Federal income tax just like any other taxpayer. The misunderstanding is caused by -special provisions in the tax law that allows a parent to claim his child as a dependent even though the child had more than $600 income. If the parent contributed more than one-half of the support of the child and the child is under 19, the parent may claim his exemption as a dependent. The same rule applies if the child is a full-time full-time student for at least five months of the year. Mr. Wise emphasized that even though a student may be listed as a dependent on his parent's return, this does not affect his responsibilities as a taxpayer. He gave the following follow-ing example: John, a high school senior, earned $800 with $45 tax withheld. He must file a return, claiming his own exemption as a taxpayer. The tax from the tax table on $800 is $26; thus, he will receive a refund of $19. If his parents furnish more than alf of John's support, they may also claim him as a dependent on their return. Mr. Wise suggested that students stu-dents or their parents call their local Internal Revenue office at Salt Lake City, Ogden or Provo. It's a funny world. Men take up the law, women lay it down. |
