You might end up owing some tax amount and then again you might NOT end up owing some amount BUT only if and when your employer is withholding some of the REQUIRED tax amounts OUT of your GROSS wages TIPS earing for each GROSS pay amount of 400 for the 1 week pay period for this purpose.
Single -0- ZERO Allowances on your W-4 form for my GUESSTIMATE and purrpose
Gross pay $400.00
Federal income tax $45.43
Social Security $16.80
Net pay (take home) $318.83
Here you go you can try and do your own estimated tax calculations at this time in your life for this purpose since you are the only one that would know all of the needed necessary information at this time.
www.irs.gov website and use the search box for 2012 Form 1040-ES (OTC)
Estimated Tax for Individuals
Copy and paste the below enclosed website address into your browser address bar for this purpose.
Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2012. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2013.
In 2011, Federal income tax rates were scheduled to increase to pre-2001 levels, but the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" left the existing tax brackets in place through 2012.
You probably can find an estimated tax calculator for your state income taxes by going to your state income tax department website and use the search box for estimated tax calculator at that time in your life.
Good luck to you.
Hope that you find the above enclosed information useful. 09/27/2012