Summary
If you make $119,976 a year living in the region of New York, USA, you will be taxed $35,848. That means that your net pay will be $84,128 per year, or $7,011 per month. Your average tax rate is 29.9% and your marginal tax rate is 39.4%. 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 $39.41, hence, your net pay will only increase by $60.59.
Bonus Example
A $1,000 bonus will generate an extra $606 of net incomes. A $5,000 bonus will generate an extra $3,030 of net incomes.