Summary
If you make $59,312 a year living in the region of Iowa, USA, you will be taxed $12,945. That means that your net pay will be $46,367 per year, or $3,864 per month. Your average tax rate is 21.8% and your marginal tax rate is 34.5%. 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 $34.52, hence, your net pay will only increase by $65.48.
Bonus Example
A $1,000 bonus will generate an extra $655 of net incomes. A $5,000 bonus will generate an extra $3,274 of net incomes.