Summary
If you make $19,920 a year living in the region of Colorado, USA, you will be taxed $2,945. That means that your net pay will be $16,975 per year, or $1,415 per month. Your average tax rate is 14.8% and your marginal tax rate is 22.3%. 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 $22.30, hence, your net pay will only increase by $77.70.
Bonus Example
A $1,000 bonus will generate an extra $777 of net incomes. A $5,000 bonus will generate an extra $3,885 of net incomes.