Summary
If you make $10,404 a year living in the region of Mississippi, USA, you will be taxed $920. That means that your net pay will be $9,484 per year, or $790 per month. Your average tax rate is 8.8% and your marginal tax rate is 11.7%. 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 $11.65, hence, your net pay will only increase by $88.35.
Bonus Example
A $1,000 bonus will generate an extra $884 of net incomes. A $5,000 bonus will generate an extra $4,418 of net incomes.