Summary
If you make $142,605 a year living in the region of New Jersey, USA, you will be taxed $42,031. That means that your net pay will be $100,574 per year, or $8,381 per month. Your average tax rate is 29.5% and your marginal tax rate is 36.2%. 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 $36.17, hence, your net pay will only increase by $63.83.
Bonus Example
A $1,000 bonus will generate an extra $638 of net incomes. A $5,000 bonus will generate an extra $3,192 of net incomes.