Summary
If you make $29,075 a year living in the region of Alabama, USA, you will be taxed $5,065. That means that your net pay will be $24,010 per year, or $2,001 per month. Your average tax rate is 17.4% and your marginal tax rate is 24.3%. 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 $24.27, hence, your net pay will only increase by $75.73.
Bonus Example
A $1,000 bonus will generate an extra $757 of net incomes. A $5,000 bonus will generate an extra $3,787 of net incomes.