Taylor Lautner Makes Major Bank

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Taylor Lautner is putting our after school jobs to shame.

Deadline Hollywood reports that the 17-year-old will receive a whopping $7.5 million pay day for his next film, Northern Lights.

And those big bucks give Taylor a new title to boast: highest paid teen actor in Hollywood. Yup, that's right -- this hunky werewolf earns more cash than even teen queen Miley Cyrus. But after being voted Favorite Breakout Movie Actor on Wednesday's People's Choice Awards, it seems Taylor's worth the millions.

Northern Lights will also feature Tom Cruise and start filming on April Fool's Day (maybe Taylor will pull any pranks on the set). The storyline of the movie follows four young pilots involved with extreme flying who are aiming to be the best.

Likewise, Taylor's career continues to soar: He'll also play superhero Max Steel in the upcoming flick by the same name and star in 'Cancun,' where he'll show off his professional marital arts skills.

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