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100000 dollars in income how much should i pay in taxes

User BillW
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2 Answers

2 votes
Answer is: 16,889 dollars in 2017, if you are single, no children, with no other sources of income.
Personal exemptions: 4050 dollars.
Standard deduction: 6350 dollars.
Retirement account contribution: 5000 dollars.
Taxable income is than: 84600 dollars.
Final tax bill (tax bracket-25%): 16889 dollars.
User Lightfooted
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According to my knowledge if you earn 100000 dollars yearly, Than you in 28% tax bracket in 2017-18 financial year. You will pay $20,982 as percentage of income 20.98%.since that's the highest rate applied to any of your income; but as a percentage of the whole $100,000, your tax is about 17%.
User Krishnakeshan
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