Summary
If you make $106,695 a year living in the region of New Jersey, USA, you will be taxed $28,436. That means that your net pay will be $78,259 per year, or $6,522 per month. Your average tax rate is 26.7% 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 $37.63, hence, your net pay will only increase by $62.37.
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.