Summary
If you make $34,704 a year living in the region of Colorado, USA, you will be taxed $6,457. That means that your net pay will be $28,247 per year, or $2,354 per month. Your average tax rate is 18.6% and your marginal tax rate is 24.2%. 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 $24.21, hence, your net pay will only increase by $75.79.
Bonus Example
A $1,000 bonus will generate an extra $758 of net incomes. A $5,000 bonus will generate an extra $3,790 of net incomes.