Summary
If you make $24,020 a year living in the region of Connecticut, USA, you will be taxed $4,772. That means that your net pay will be $19,248 per year, or $1,604 per month. Your average tax rate is 19.9% and your marginal tax rate is 25.9%. 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 $25.85, hence, your net pay will only increase by $74.15.
Bonus Example
A $1,000 bonus will generate an extra $742 of net incomes. A $5,000 bonus will generate an extra $3,708 of net incomes.