Summary
If you make $7,956 a year living in the region of Mississippi, USA, you will be taxed $635. That means that your net pay will be $7,321 per year, or $610 per month. Your average tax rate is 8.0% and your marginal tax rate is 11.1%. 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 $11.12, hence, your net pay will only increase by $88.88.
Bonus Example
A $1,000 bonus will generate an extra $889 of net incomes. A $5,000 bonus will generate an extra $4,444 of net incomes.