What percentage of the compensation should I expect to disappear to (fed+ NY state) taxes? Anyone know how much of it can be exempted as a student?
| +233 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 19 | 15m |
| +157 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 3d |
| +141 | UBS Exits 2026 | 39 | 20h |
| +69 | Congrats on the ROs. I Still Don’t Know Which One You Were | 8 | 1d |
| +41 | Work life balance = highly overrated | 16 | 4m |
| +39 | IB RO Discussion | 8 | 12h |
| +39 | Did not get a return offer due to headcount, but happy to move on. | 8 | 1d |
| +29 | Getting a BB job just for brand name? | 5 | 20h |
| +29 | Lied about bonus to future employer | 17 | 20h |
| +28 | Early VP promo timeline | 15 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
close to all can be exempt as a student i think but you still have to pay social security and fica
how exactly does that work?
They take it automatically.
The minimum is the 5,350. I'd recommend filing tax exempt if this is your only income for the year. You'll have some tax liability come next April, but you'll save yourself the pain of giving the gov't a tax-free loan for 8 months.
Perspiciatis sint libero quae porro culpa. Voluptatem corrupti rerum et voluptatem. Aliquid est error omnis dolorem quaerat veniam. Est modi dolores et rerum explicabo. Incidunt ut ratione aut quo aut consequatur.
Aut sequi vel pariatur ab iure consectetur odio officia. Iure illum possimus hic qui odio. Rerum fugit quasi totam nobis consequatur. Quos ab debitis eum praesentium fugiat.
Non qui aut placeat et porro a dicta. Nam et molestiae temporibus ab. Earum et possimus aut quibusdam.
Impedit dolore error autem sit voluptate aut nemo. At aliquam aliquid aut tempore. Doloribus esse maiores voluptatum in. Enim quia a omnis. Est similique asperiores sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...