Summary
If you make $24,020 a year living in the region of Alabama, USA, you will be taxed $3,852. That means that your net pay will be $20,168 per year, or $1,681 per month. Your average tax rate is 16.0% and your marginal tax rate is 22.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $22.82, hence, your net pay will only increase by $77.18.
Bonus Example
A $1,000 bonus will generate an extra $772 of net incomes. A $5,000 bonus will generate an extra $3,859 of net incomes.