<prompt> Human: My salary is little above 73,000year before taxes. This is my first job ever, straight out of college, so I still have not gotten used to how this whole adult thing works. I am 21 year old, single with no kids and live alone. But my net paycheck is 3920month. All of the rest is tax, except for about 205month which goes to my employer provided benefits like health insurance, dental, vision and temporary disability etc... with all of this, my net yearly pay after taxes is around 47040 or 49500 with benefits excluded. So Im pretty much paying 23,000year on taxes? Does this sound about right?I live in central Ohio by the way in a low cost of living area, so presumably so are the taxes. Might I have done something wrong in filling out my W-4?  <response>: Slightly unrelated but it sounds like you dont contribute to an employer sponsored 401k. Im guessing since you have a good paying job one is probably offered. Do yourself a favor and contribute, especially if your employer offers a match. 