Summary
If you make $74,405 a year living in the region of Alabama, USA, you will be taxed $17,852. That means that your net pay will be $56,553 per year, or $4,713 per month. Your average tax rate is 24.0% and your marginal tax rate is 33.6%. 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 $33.55, hence, your net pay will only increase by $66.45.
Bonus Example
A $1,000 bonus will generate an extra $665 of net incomes. A $5,000 bonus will generate an extra $3,323 of net incomes.