Summary
If you make $24,020 a year living in the region of Missouri, USA, you will be taxed $3,377. That means that your net pay will be $20,643 per year, or $1,720 per month. Your average tax rate is 14.1% and your marginal tax rate is 23.4%. 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 $23.44, hence, your net pay will only increase by $76.56.
Bonus Example
A $1,000 bonus will generate an extra $766 of net incomes. A $5,000 bonus will generate an extra $3,828 of net incomes.