Summary
If you make $16,860 a year living in the region of Vermont, USA, you will be taxed $2,137. That means that your net pay will be $14,723 per year, or $1,227 per month. Your average tax rate is 12.7% and your marginal tax rate is 21.0%. 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 $21, hence, your net pay will only increase by $79.
Bonus Example
A $1,000 bonus will generate an extra $790 of net incomes. A $5,000 bonus will generate an extra $3,950 of net incomes.