Summary
If you make $371,467 a year living in the region of Iowa, USA, you will be taxed $136,219. That means that your net pay will be $235,248 per year, or $19,604 per month. Your average tax rate is 36.7% and your marginal tax rate is 42.9%. 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 $42.90, hence, your net pay will only increase by $57.10.
Bonus Example
A $1,000 bonus will generate an extra $571 of net incomes. A $5,000 bonus will generate an extra $2,855 of net incomes.