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<p>1) Typically, a student who is a summer associate will have a gross income of $30,000-$40,000 for the year. While, on a weekly basis, $3,076 is a lot of money, when you look at the gross income, you’re still in the lowest tax bracket.
2) Students who are summer associates are also… students. They have to pay graduate school tuition (be it out of pocket or via loans). This entitles them to certain tax credits.</p>
<p>Just received my refund this week. $6,500. It’s going to be a nice spring break.</p>