<prompt> Human: Hello Everyone,Im a 20 year old college student currently doing an internship this summer in the DC Metro Area Northern VA which will last for about 2 months. I will have an estimated income of 6800 by the end of summer. I would like to know an estimate of how much tax I will have to pay All categories combined including Federal, Virginia State, Medicare, SS. I should also file my taxes as independent and not dependent on my parents correct?I would also appreciate it if someone could please explain and clarify for me how tax withholding works and what it is? From my knowledge and research online, you basically either get taxed every pay check OR collect a full pay check and then owe taxes in the spring. Currently every one of my paychecks have been taxed Federal, State, Medicare, Social Security. Which option is better for me as an internemployee, and when would it be ideal to opt to owe taxes later at the end of the year instead?Also what are Exemptions and how do they affect tax-withholding? More exemptions less tax on the paycheck? What are the differences between state federal exemptions? Im not sure what types of exemptions or how many Im qualified for as a single 20 year old college student, but when I look at my ADP account, I see 1 federal exemption and 0 under state.Id appreciate any helpful guidance, thanks.  <response>: From my knowledge and research online, you basically either get taxed every pay check OR collect a full pay check and then owe taxes in the spring.Not really. If you dont have any taxes withheld, and you end up with a sufficiently large tax bill sufficiently large is not very large, mind you, youll also be assessed penalties for failing to have taxes withheld when you clearly should have.Which option is better for me as an internemployeeNot breaking the law is probably the better option, i.e. having taxes withheld.and when would it be ideal to opt to owe taxes later at the end of the year instead?When you dont actually owe any tax. I would like to know an estimate of how much tax I will have to pay All categories combined including Federal, Virginia State, Medicare, SS.Social security 6.2. Medicare 1.45. Federal income tax 10 of everything you earn beyond 6,200. So, uh, 60 if you earn 6,800. VA income tax 2 of the first 3,000 in taxable income, which for you will be no more than 3,000 likely much less, so again, 60.I should also file my taxes as independent and not dependent on my parents correct?Youre almost certainly a dependent because you are a full time student under 24. You do not get to decide whether you are or not. It is a definition that is not open to interpretation. 