Summary
If you make $42,308 a year living in the region of Indiana, USA, you will be taxed $7,921. That means that your net pay will be $34,387 per year, or $2,866 per month. Your average tax rate is 18.7% and your marginal tax rate is 22.9%. 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 $22.88, hence, your net pay will only increase by $77.12.
Bonus Example
A $1,000 bonus will generate an extra $771 of net incomes. A $5,000 bonus will generate an extra $3,856 of net incomes.