Summary
If you make $16,092 a year living in the region of Iowa, USA, you will be taxed $1,914. That means that your net pay will be $14,178 per year, or $1,181 per month. Your average tax rate is 11.9% and your marginal tax rate is 21.4%. 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 $21.37, hence, your net pay will only increase by $78.63.
Bonus Example
A $1,000 bonus will generate an extra $786 of net incomes. A $5,000 bonus will generate an extra $3,932 of net incomes.