Summary
If you make $29,141 a year living in the region of Michigan, USA, you will be taxed $5,205. That means that your net pay will be $23,936 per year, or $1,995 per month. Your average tax rate is 17.9% and your marginal tax rate is 23.9%. 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 $23.90, hence, your net pay will only increase by $76.10.
Bonus Example
A $1,000 bonus will generate an extra $761 of net incomes. A $5,000 bonus will generate an extra $3,805 of net incomes.