Summary
If you make $179,954 a year living in the region of Iowa, USA, you will be taxed $55,817. That means that your net pay will be $124,137 per year, or $10,345 per month. Your average tax rate is 31.0% and your marginal tax rate is 34.7%. 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 $34.70, hence, your net pay will only increase by $65.30.
Bonus Example
A $1,000 bonus will generate an extra $653 of net incomes. A $5,000 bonus will generate an extra $3,265 of net incomes.