Summary
If you make $168,480 a year living in the region of Minnesota, USA, you will be taxed $54,255. That means that your net pay will be $114,225 per year, or $9,519 per month. Your average tax rate is 32.2% and your marginal tax rate is 33.3%. 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 $33.30, hence, your net pay will only increase by $66.70.
Bonus Example
A $1,000 bonus will generate an extra $667 of net incomes. A $5,000 bonus will generate an extra $3,335 of net incomes.