Summary
If you make $24,960 a year living in the region of Tennessee, USA, you will be taxed $3,146. That means that your net pay will be $21,814 per year, or $1,818 per month. Your average tax rate is 12.6% and your marginal tax rate is 19.1%. 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 $19.13, hence, your net pay will only increase by $80.87.
Bonus Example
A $1,000 bonus will generate an extra $809 of net incomes. A $5,000 bonus will generate an extra $4,044 of net incomes.