Summary
If you make $199,992 a year living in the region of Iowa, USA, you will be taxed $63,459. That means that your net pay will be $136,533 per year, or $11,378 per month. Your average tax rate is 31.7% and your marginal tax rate is 41.9%. 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 $41.87, hence, your net pay will only increase by $58.13.
Bonus Example
A $1,000 bonus will generate an extra $581 of net incomes. A $5,000 bonus will generate an extra $2,907 of net incomes.