Summary
If you make $94,923 a year living in the region of Minnesota, USA, you will be taxed $26,688. That means that your net pay will be $68,235 per year, or $5,686 per month. Your average tax rate is 28.1% and your marginal tax rate is 36.6%. 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 $36.63, hence, your net pay will only increase by $63.37.
Bonus Example
A $1,000 bonus will generate an extra $634 of net incomes. A $5,000 bonus will generate an extra $3,169 of net incomes.