Summary
If you make $124,927 a year living in the region of Iowa, USA, you will be taxed $36,877. That means that your net pay will be $88,050 per year, or $7,337 per month. Your average tax rate is 29.5% and your marginal tax rate is 38.1%. 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 $38.14, hence, your net pay will only increase by $61.86.
Bonus Example
A $1,000 bonus will generate an extra $619 of net incomes. A $5,000 bonus will generate an extra $3,093 of net incomes.