Summary
If you make $110,657 a year living in the region of Minnesota, USA, you will be taxed $32,747. That means that your net pay will be $77,910 per year, or $6,492 per month. Your average tax rate is 29.6% and your marginal tax rate is 39.5%. 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 $39.50, hence, your net pay will only increase by $60.50.
Bonus Example
A $1,000 bonus will generate an extra $605 of net incomes. A $5,000 bonus will generate an extra $3,025 of net incomes.