Summary
If you make $94,960 a year living in the region of Minnesota, USA, you will be taxed $26,702. That means that your net pay will be $68,258 per year, or $5,688 per month. Your average tax rate is 28.1% and your marginal tax rate is 36.9%. 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 $36.92, hence, your net pay will only increase by $63.08.
Bonus Example
A $1,000 bonus will generate an extra $631 of net incomes. A $5,000 bonus will generate an extra $3,154 of net incomes.