Summary
If you make $24,634 a year living in the region of Minnesota, USA, you will be taxed $4,190. That means that your net pay will be $20,444 per year, or $1,704 per month. Your average tax rate is 17.0% and your marginal tax rate is 23.7%. 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 $23.72, hence, your net pay will only increase by $76.28.
Bonus Example
A $1,000 bonus will generate an extra $763 of net incomes. A $5,000 bonus will generate an extra $3,814 of net incomes.