Summary
If you make $29,416 a year living in the region of Ohio, USA, you will be taxed $4,604. That means that your net pay will be $24,812 per year, or $2,068 per month. Your average tax rate is 15.7% and your marginal tax rate is 22.7%. 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 $22.65, hence, your net pay will only increase by $77.35.
Bonus Example
A $1,000 bonus will generate an extra $774 of net incomes. A $5,000 bonus will generate an extra $3,868 of net incomes.