Summary
If you make $29,141 a year living in the region of Arkansas, USA, you will be taxed $4,661. That means that your net pay will be $24,480 per year, or $2,040 per month. Your average tax rate is 16.0% and your marginal tax rate is 24.1%. 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 $24.09, hence, your net pay will only increase by $75.91.
Bonus Example
A $1,000 bonus will generate an extra $759 of net incomes. A $5,000 bonus will generate an extra $3,796 of net incomes.