OPT (F1) student, is this tax withholding correct?
Hello,
I have limited knowledge concerning taxes. I'm on an OPT(F1) status, and I'm working in the US.
I get paid weekly, (16/hr) and the total typically comes to around 650-700 dollars per week.
As a student visa status, I am exempt from medicare/social security federal taxes, but I do have to pay federal withholding/state income tax. On the W4, I claimed 0 (I am a single, and do not have dependents... should I be claiming allowances?)
The problem is, around 140 dollars(state + federal) are taken out of the 650/week paycheck each week from the total.
Is this calculation correct? I would appreciate it if anyone could tell me if anything is incorrect here, and if I should do something differently.
Thank you very much for the help.