Summary
If you make $19,754 a year living in the region of Iowa, USA, you will be taxed $2,715. That means that your net pay will be $17,040 per year, or $1,420 per month. Your average tax rate is 13.7% and your marginal tax rate is 22.7%. 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 $22.71, hence, your net pay will only increase by $77.29.
Bonus Example
A $1,000 bonus will generate an extra $773 of net incomes. A $5,000 bonus will generate an extra $3,865 of net incomes.