Summary
If you make $19,988 a year living in the region of Minnesota, USA, you will be taxed $3,088. That means that your net pay will be $16,900 per year, or $1,408 per month. Your average tax rate is 15.5% and your marginal tax rate is 23.6%. 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 $23.62, hence, your net pay will only increase by $76.38.
Bonus Example
A $1,000 bonus will generate an extra $764 of net incomes. A $5,000 bonus will generate an extra $3,819 of net incomes.