Summary
If you make $12,744 a year living in the region of New Mexico, USA, you will be taxed $1,105. That means that your net pay will be $11,639 per year, or $970 per month. Your average tax rate is 8.7% and your marginal tax rate is 11.4%. 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 $11.35, hence, your net pay will only increase by $88.65.
Bonus Example
A $1,000 bonus will generate an extra $887 of net incomes. A $5,000 bonus will generate an extra $4,433 of net incomes.