Summary
If you make $31,190 a year living in the region of Mississippi, USA, you will be taxed $5,514. That means that your net pay will be $25,676 per year, or $2,140 per month. Your average tax rate is 17.7% and your marginal tax rate is 24.7%. 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 $24.65, hence, your net pay will only increase by $75.35.
Bonus Example
A $1,000 bonus will generate an extra $754 of net incomes. A $5,000 bonus will generate an extra $3,768 of net incomes.