100000 dollars in income how much should i pay in taxes

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.

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%.