If you make $20,000 a year living in the region of Tennessee, USA, you will be taxed $2,275. That means that your net pay will be $17,725 per year, or $1,477 per month. Your average tax rate is 11.4% and your marginal tax rate is 18.7%. 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 $18.65, hence, your net pay will only increase by $81.35.
A $1,000 bonus will generate an extra $814 of net incomes. A $5,000 bonus will generate an extra $4,068 of net incomes.