Summary
If you make $160,742 a year living in the region of Ohio, USA, you will be taxed $46,894. That means that your net pay will be $113,848 per year, or $9,487 per month. Your average tax rate is 29.2% and your marginal tax rate is 30.5%. 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 $30.45, hence, your net pay will only increase by $69.55.
Bonus Example
A $1,000 bonus will generate an extra $696 of net incomes. A $5,000 bonus will generate an extra $3,478 of net incomes.