If you make $55,000 a year living in the region of Arkansas, USA, you will be taxed $11,725. That means that your net pay will be $43,275 per year, or $3,606 per month. Your average tax rate is 21.3% and your marginal tax rate is 35.6%. 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 $35.55, hence, your net pay will only increase by $64.45.
A $1,000 bonus will generate an extra $645 of net incomes. A $5,000 bonus will generate an extra $3,223 of net incomes.