Summary
If you make $48,992 a year living in the region of Michigan, USA, you will be taxed $9,950. That means that your net pay will be $39,042 per year, or $3,254 per month. Your average tax rate is 20.3% 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.