Summary
If you make $24,950 a year living in the region of Michigan, USA, you will be taxed $4,204. That means that your net pay will be $20,746 per year, or $1,729 per month. Your average tax rate is 16.9% and your marginal tax rate is 23.3%. 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 $23.25, hence, your net pay will only increase by $76.75.
Bonus Example
A $1,000 bonus will generate an extra $768 of net incomes. A $5,000 bonus will generate an extra $3,838 of net incomes.