If you make $20,000 a year living in the region of New York, USA, you will be taxed $2,940. That means that your net pay will be $17,060 per year, or $1,422 per month. Your average tax rate is 14.7% and your marginal tax rate is 24.9%. 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 $24.90, hence, your net pay will only increase by $75.10.
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,755 of net incomes.