Ask Question
BusinessBusiness
24 November, 17:57

100000 dollars in income how much should i pay in taxes

+2
Answers (2)
  1. 24 November, 18:11
    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. 24 November, 21:01
    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%.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “100000 dollars in income how much should i pay in taxes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Unemployment is increasingly a standard condition in the u. s. economy because:
Answers (1)
You currently own 6 percent of the 2 million outstanding shares of Webster Mills. The company has just announced a rights offering with a subscription price of $50. One right will be issued for each share of outstanding stock.
Answers (1)
If Susan sues Will and Frank's Furniture for $80,000 in damages resulting from her injuries in federal district court in Montpelier, Vermont, will the court have proper subject matter jurisdiction?
Answers (1)
The classified balance sheet for a company reported current assets of $1,753,812, total liabilities of $801,540, common stock of $1,020,000, and retained earnings of $132,260. The current ratio was 2.7.
Answers (1)
A company should pursue unrelated diversification instead of related diversification when: a. the bureaucratic costs of implementation do not exceed the value that can be created by realizing economies of scope. b. it wants to maximize growth. c.
Answers (1)
New Questions in Business
Every day on your way to basketball practice you wave to Mr. Martin who owns the neighborhood flower stand Mr. Martin's store is probably a? A. Limited Partnership B. Sole Proprietorship C. Small Corporation D. Parent Company
Answers (2)
What is negative communication from citizens
Answers (1)
Related to the Solved Problem 4.3] According to an article in the Wall Street Journal in early 2016, "U. S. government bonds maturing in more than 25 years returned a negative 1.2% in the month through Thursday after chalking up a 8.
Answers (1)
When does government regulate producers in a mixed-market economy
Answers (1)
John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third study for an economics exam, and fourth answer his e-mail. What is the opportunity cost of attending the concert for John? a.
Answers (1)
Home » Business » 100000 dollars in income how much should i pay in taxes
Sign Up Forgot Password?