Summary
If you make $106,420 a year living in the region of New Jersey, USA, you will be taxed $28,333. That means that your net pay will be $78,087 per year, or $6,507 per month. Your average tax rate is 26.6% and your marginal tax rate is 37.6%. 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 $37.62, hence, your net pay will only increase by $62.38.
Bonus Example
A $1,000 bonus will generate an extra $624 of net incomes. A $5,000 bonus will generate an extra $3,119 of net incomes.