Summary
If you make $88,605 a year living in the region of New Jersey, USA, you will be taxed $21,812. That means that your net pay will be $66,793 per year, or $5,566 per month. Your average tax rate is 24.6% and your marginal tax rate is 36.0%. 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 $36.03, hence, your net pay will only increase by $63.97.
Bonus Example
A $1,000 bonus will generate an extra $640 of net incomes. A $5,000 bonus will generate an extra $3,199 of net incomes.