Summary
If you make $80,734 a year living in the region of Iowa, USA, you will be taxed $20,528. That means that your net pay will be $60,206 per year, or $5,017 per month. Your average tax rate is 25.4% and your marginal tax rate is 35.5%. 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 $35.45, hence, your net pay will only increase by $64.55.
Bonus Example
A $1,000 bonus will generate an extra $646 of net incomes. A $5,000 bonus will generate an extra $3,228 of net incomes.