Yonkers Withholding Tax Tables And Methods - 2015 (Page 16 of 26) in pdf

Page 16 of 26 NYS-50-T-Y (1/15)

Yonkers

Method II Exact Calculation Method

Single

Instructions and Examples

Steps for computing the amount of tax to be withheld:

Step 1 If the number of exemptions claimed is ten or fewer, look up the total exemption and deduction amount in Table A on

page 14, according to the payroll period and marital status claimed. (If there are more than 10 exemptions, multiply the

number by the exemption amount in Table C on page 14 and add it to the deduction amount from Table B.) Subtract the

total exemption and deduction amount from the wages to get net wages.

For weekly payroll periods, if the amount of net wages is $600 or less, you may use the simplified Dollar to Dollar

Withholding Table beginning on page 20 to find the amount to withhold. Otherwise, continue with Step 2.

Step 2 Locate the table on page 17 for the appropriate payroll period. Find the line on which the net wages fall between

the amounts in Columns 1 and 2.

Step 3 Following across on the line you found in Step 2, subtract the amount in Column 3 from the net wages.

Step 4 Following across the same line, multiply the result from Step 3 by the amount in Column 4.

Step 5 Following across on the same line, add the result from Step 4 to the amount in Column 5. Multiply the result by 16.75% (.1675).

Withhold the resulting product from wages

Examples

Example 1:

Example 3:

Monthly payroll, $50,000 gross wages, single, 3 exemptions

Weekly payroll, $400 gross wages, single, 3 exemptions

1. Amount from Table A on page 14 is $862.40 for single, monthly

1. Amount from Table A on page 14 is $199.10 for single, weekly payroll,

payroll, 3 exemptions. $50,000 wages - $862.40 = $49,137.60

3 exemptions. $400 wages - $199.10 = $200.90 net wages.

2. Use Table II - A on page 17 for single, weekly payroll. Look up

net wages.

2. Use Table II - D on page 17 for single, monthly payroll. Look up

$200.90 and use line 2 on which $200.90 is greater than Column 1

($162) but less than Column 2 ($223).

$49,137.60 and use line 11 on which $49,137.60 is greater than

3. $200.90 - $162 (from Column 3, line 2) = $38.90.

Column 1 ($22,133) but less than Column 2 ($88,554).

3. $49,137.60 - $22,133 (from Column 3, line 11) = $27,004.60.

4. $38.90 x .0450 (from Column 4, line 2) = $1.75.

4. $27,004.60 x .0735 (from Column 4, line 11) = $1,984.84.

5. $1.75 + $6.46 (from Column 5, line 2) = $8.21.

5. $1,984.84 + $1,590.83 (from Column 5, line 11) = $3,575.67.

$8.21 x .1675 = $1.38. Withhold this amount.

$3,575.67 x .1675 = $598.92. Withhold this amount.

Example 2:

Example 4:

Semimonthly payroll, $5,000 gross wages, single, 1 exemption

Daily payroll, $750 gross wages, single, 2 exemptions

1. Amount from Table A on page 14 is $347.90 for single, semimonthly

1. Amount from Table A on page 14 is $35.95 for single, daily

payroll, 1 exemption. $5,000 wages - $347.90 = $4,652.10 net wages.

payroll, 2 exemptions. $750 wages - $35.95 = $714.05 net wages.

2. Use Table II - E on page 17 for single, daily payroll. Look up

2. Use Table II - C on page 17 for single, semimonthly payroll. Look up

$4,652.10 and use line 8 on which $4,652.10 is greater than Column 1

$714.05 and use line 9 on which $714.05 is greater than

($4,425) but less than Column 2 ($6,640).

Column 1 ($613) but less than Column 2 ($817).

3. $4,652.10 - $4,425 (from Column 3, line 8) = $227.10.

3. $714.05 - $613 (from Column 3, line 9) = $101.05.

4. $227.10 x .0808 (from Column 4, line 8) = $18.35.

4. $101.05 x .0715 (from Column 4, line 9) = $7.23.

5. $18.35 + $277.79 (from Column 5, line 8) = $296.14.

5. $7.23 + $42.16 (from Column 5, line 9) = $49.39.

$296.14 x .1675 = $49.60. Withhold this amount.

$49.39 x .1675 = $8.27. Withhold this amount.

Yonkers Withholding Tax Tables And Methods - 2015 Page 16

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