Summary
If you make $157,504 a year living in the region of New Jersey, USA, you will be taxed $47,145. That means that your net pay will be $110,359 per year, or $9,197 per month. Your average tax rate is 29.9% and your marginal tax rate is 32.5%. 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 $32.50, hence, your net pay will only increase by $67.50.
Bonus Example
A $1,000 bonus will generate an extra $675 of net incomes. A $5,000 bonus will generate an extra $3,375 of net incomes.