Summary
If you make $137,880 a year living in the region of New Jersey, USA, you will be taxed $40,282. That means that your net pay will be $97,598 per year, or $8,133 per month. Your average tax rate is 29.2% and your marginal tax rate is 38.0%. 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 $38.03, hence, your net pay will only increase by $61.97.
Bonus Example
A $1,000 bonus will generate an extra $620 of net incomes. A $5,000 bonus will generate an extra $3,099 of net incomes.