Summary
If you make $7,980 a year living in the region of Arkansas, USA, you will be taxed $623. That means that your net pay will be $7,357 per year, or $613 per month. Your average tax rate is 7.8% and your marginal tax rate is 9.5%. 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 $9.51, hence, your net pay will only increase by $90.49.
Bonus Example
A $1,000 bonus will generate an extra $905 of net incomes. A $5,000 bonus will generate an extra $4,525 of net incomes.