Well Im a full time student and Im working part-time at a temp agency my mom claims me as a dependent should I file Tax-Exempt

Its not that you file tax-exempt, its rather your Mom claims you as her dependent. But, on your tax return you do not claim a dependency exemption for yourself, but the IRS allows you to claim a standard deduction.

So, clearly you do get some deductions and I would suggest that if you still end up with taxable income consider making an IRA contribution to save on any possible tax liability.

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on my W-2 i want to put tax exempt but i want to know the pros and cons of doing so. with me being in college and not claiming myself

If your Mother claims you as a dependent:
If your Mother should claim you as a dependent and are a full time college student, she would gain a greater tax benefit as her Tax Rate would be higher than your's.

In Tax Lingo, your Mother would get back more in Tax refund than you would, if you claim yourself as a dependent on your own tax return. I have to assume that your Mother earns considerably more than you.

If you claim yourself as a dependent:
The advantage to you is that you gain an extra deduction for claiming yourself as a dependent. This results in a lower tax liability to you contributing to a greater tax refund.

So, you are now aware of the pro's and con's and in conclusion, if your mother gets to claim you as a dependent, it would result in a greater tax benefit and if you claim yourself as a dependent.