Summary
If you make $71,025 a year living in the region of New Jersey, USA, you will be taxed $15,675. That means that your net pay will be $55,350 per year, or $4,613 per month. Your average tax rate is 22.1% and your marginal tax rate is 33.8%. 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 $33.83, hence, your net pay will only increase by $66.17.
Bonus Example
A $1,000 bonus will generate an extra $662 of net incomes. A $5,000 bonus will generate an extra $3,309 of net incomes.