Summary
If you make $24,020 a year living in the region of Indiana, USA, you will be taxed $3,749. That means that your net pay will be $20,271 per year, or $1,689 per month. Your average tax rate is 15.6% and your marginal tax rate is 21.6%. 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 $21.59, hence, your net pay will only increase by $78.41.
Bonus Example
A $1,000 bonus will generate an extra $784 of net incomes. A $5,000 bonus will generate an extra $3,921 of net incomes.