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7 December, 09:10

100000 dollars in income how much should i pay in taxes

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  1. 7 December, 10:04
    0
    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.
  2. 7 December, 10:50
    0
    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%.
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