The exemption allowed to researchers will NOT apply for you, because your research is being done for a for-profit organization.
You will be liable for federal and state INCOME taxes, but be exempt from FICA (Social Security and Medicare) taxes.
You will NOT be allowed to claim the standard deduction, but will itemize. The biggest itemized deduction will be the state income taxes withheld from your pay.
Your federal tax liability will be about $4,100.
Hope it helps!
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