Reply to Appropriate Allowance for Freshman in College

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do your kids do in the summers prior to going to college? My kid easily made $4K last summer as a 16 yr old. He saved around half of that. He will probably make the same this summer and next so by the time he starts college, he will have $6K or more saved. I'm not giving him an allowance. He is not 6 yrs old unable to make his own money. I had to use my summer earnings to pay for my books and as my fun money and he will do the same.[/quote]

What exactly did he do in 8 weeks to make $4,000? 🤨[/quote]
np. why so incredulous? my kid, incoming HS senior, is working part time (about 25-30 hours/week) as an entry level crew member a national fast casual chain (think chipotle etc.) this summer, so not exactly some high end place with tips, an amazing hourly wage, or a lot of hours, but he'll make probably somewhere around $4k by the end of the summer. $16 an hour x 27 hours per week x 10 weeks of summer...$4320.

math. it's a beautiful thing. [/quote]

No withholding and FICA?  [/quote]

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