Summary
If you make $173,988 a year living in the region of New Jersey, USA, you will be taxed $52,495. That means that your net pay will be $121,493 per year, or $10,124 per month. Your average tax rate is 30.2% 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 $32.45, hence, your net pay will only increase by $67.55.
Bonus Example
A $1,000 bonus will generate an extra $676 of net incomes. A $5,000 bonus will generate an extra $3,378 of net incomes.