Summary
If you make $49,903 a year living in the region of Minnesota, USA, you will be taxed $10,761. That means that your net pay will be $39,142 per year, or $3,262 per month. Your average tax rate is 21.6% and your marginal tax rate is 26.5%. 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 $26.47, hence, your net pay will only increase by $73.53.
Bonus Example
A $1,000 bonus will generate an extra $735 of net incomes. A $5,000 bonus will generate an extra $3,677 of net incomes.