Summary
If you make $40,922 a year living in the region of Rhode Island, USA, you will be taxed $8,266. That means that your net pay will be $32,656 per year, or $2,721 per month. Your average tax rate is 20.2% and your marginal tax rate is 24.5%. 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 $24.50, hence, your net pay will only increase by $75.50.
Bonus Example
A $1,000 bonus will generate an extra $755 of net incomes. A $5,000 bonus will generate an extra $3,775 of net incomes.