Summary
If you make $16,120 a year living in the region of Tennessee, USA, you will be taxed $1,550. That means that your net pay will be $14,570 per year, or $1,214 per month. Your average tax rate is 9.6% and your marginal tax rate is 17.7%. 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 $17.65, hence, your net pay will only increase by $82.35.
Bonus Example
A $1,000 bonus will generate an extra $824 of net incomes. A $5,000 bonus will generate an extra $4,118 of net incomes.