Summary
If you make $199,992 a year living in the region of Virginia, USA, you will be taxed $62,881. That means that your net pay will be $137,111 per year, or $11,426 per month. Your average tax rate is 31.4% and your marginal tax rate is 42.0%. 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 $41.99, hence, your net pay will only increase by $58.01.
Bonus Example
A $1,000 bonus will generate an extra $580 of net incomes. A $5,000 bonus will generate an extra $2,901 of net incomes.