Summary
If you make $59,964 a year living in the region of Iowa, USA, you will be taxed $13,171. That means that your net pay will be $46,793 per year, or $3,899 per month. Your average tax rate is 22.0% and your marginal tax rate is 35.1%. 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 $35.05, hence, your net pay will only increase by $64.95.
Bonus Example
A $1,000 bonus will generate an extra $650 of net incomes. A $5,000 bonus will generate an extra $3,248 of net incomes.