Summary
If you make $118,626 a year living in the region of North Carolina, USA, you will be taxed $33,662. That means that your net pay will be $84,964 per year, or $7,080 per month. Your average tax rate is 28.4% and your marginal tax rate is 36.7%. 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 $36.74, hence, your net pay will only increase by $63.26.
Bonus Example
A $1,000 bonus will generate an extra $633 of net incomes. A $5,000 bonus will generate an extra $3,163 of net incomes.