Summary
If you make $121,332 a year living in the region of Arizona, USA, you will be taxed $32,405. That means that your net pay will be $88,927 per year, or $7,411 per month. Your average tax rate is 26.7% and your marginal tax rate is 34.4%. 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 $34.35, hence, your net pay will only increase by $65.65.
Bonus Example
A $1,000 bonus will generate an extra $657 of net incomes. A $5,000 bonus will generate an extra $3,283 of net incomes.