Summary
If you make $34,607 a year living in the region of Minnesota, USA, you will be taxed $6,717. That means that your net pay will be $27,890 per year, or $2,324 per month. Your average tax rate is 19.4% and your marginal tax rate is 25.9%. 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 $25.85, hence, your net pay will only increase by $74.15.
Bonus Example
A $1,000 bonus will generate an extra $742 of net incomes. A $5,000 bonus will generate an extra $3,708 of net incomes.