Summary
If you make $40,312 a year living in the region of Washington DC, USA, you will be taxed $8,382. That means that your net pay will be $31,930 per year, or $2,661 per month. Your average tax rate is 20.8% and your marginal tax rate is 26.2%. 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 $26.15, hence, your net pay will only increase by $73.85.
Bonus Example
A $1,000 bonus will generate an extra $739 of net incomes. A $5,000 bonus will generate an extra $3,693 of net incomes.