Summary
If you make $24,960 a year living in the region of Mississippi, USA, you will be taxed $3,979. That means that your net pay will be $20,981 per year, or $1,748 per month. Your average tax rate is 15.9% and your marginal tax rate is 24.1%. 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 $24.13, hence, your net pay will only increase by $75.87.
Bonus Example
A $1,000 bonus will generate an extra $759 of net incomes. A $5,000 bonus will generate an extra $3,794 of net incomes.