Summary
If you make $24,700 a year living in the region of Virginia, USA, you will be taxed $3,803. That means that your net pay will be $20,897 per year, or $1,741 per month. Your average tax rate is 15.4% and your marginal tax rate is 23.4%. 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 $23.36, hence, your net pay will only increase by $76.64.
Bonus Example
A $1,000 bonus will generate an extra $766 of net incomes. A $5,000 bonus will generate an extra $3,832 of net incomes.