If you make $55,000 a year living in the region of New Jersey, USA, you will be taxed $10,896. That means that your net pay will be $44,104 per year, or $3,675 per month. Your average tax rate is 19.8% and your marginal tax rate is 33.1%. 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 $33.10, hence, your net pay will only increase by $66.90.
A $1,000 bonus will generate an extra $669 of net incomes. A $5,000 bonus will generate an extra $3,345 of net incomes.