Summary
If you make $29,981 a year living in the region of New Jersey, USA, you will be taxed $4,843. That means that your net pay will be $25,138 per year, or $2,095 per month. Your average tax rate is 16.2% and your marginal tax rate is 22.4%. 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 $22.36, hence, your net pay will only increase by $77.64.
Bonus Example
A $1,000 bonus will generate an extra $776 of net incomes. A $5,000 bonus will generate an extra $3,882 of net incomes.