Summary
If you make $20,208 a year living in the region of New Mexico, USA, you will be taxed $2,679. That means that your net pay will be $17,529 per year, or $1,461 per month. Your average tax rate is 13.3% and your marginal tax rate is 23.2%. 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 $23.17, hence, your net pay will only increase by $76.83.
Bonus Example
A $1,000 bonus will generate an extra $768 of net incomes. A $5,000 bonus will generate an extra $3,842 of net incomes.