Summary
If you make $216,500 a year living in the region of Iowa, USA, you will be taxed $70,409. That means that your net pay will be $146,091 per year, or $12,174 per month. Your average tax rate is 32.5% and your marginal tax rate is 42.1%. 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 $42.10, hence, your net pay will only increase by $57.90.
Bonus Example
A $1,000 bonus will generate an extra $579 of net incomes. A $5,000 bonus will generate an extra $2,895 of net incomes.