Summary
If you make $10,920 a year living in the region of New Mexico, USA, you will be taxed $919. That means that your net pay will be $10,001 per year, or $833 per month. Your average tax rate is 8.4% and your marginal tax rate is 9.4%. 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 $9.36, hence, your net pay will only increase by $90.64.
Bonus Example
A $1,000 bonus will generate an extra $906 of net incomes. A $5,000 bonus will generate an extra $4,532 of net incomes.