Summary
If you make $80,940 a year living in the region of South Dakota, USA, you will be taxed $16,767. That means that your net pay will be $64,173 per year, or $5,348 per month. Your average tax rate is 20.7% and your marginal tax rate is 29.7%. 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 $29.65, hence, your net pay will only increase by $70.35.
Bonus Example
A $1,000 bonus will generate an extra $704 of net incomes. A $5,000 bonus will generate an extra $3,518 of net incomes.