Yonkers Withholding Tax Tables And Methods - 2015 Page 23
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26NYS-50-T-Y (1/15) Page 23 of 26
Yonkers - Nonresident Earnings Tax
Method VII - Exact Calculation Method
This method is for employees residing outside Yonkers who earn wages in Yonkers paid by an employer maintaining an office or transacting
business within New York State.
This method applies the tax rate of 0.50% (.0050) to the wages remaining after the allowed exclusion is subtracted. It includes a provision for
no withholding if wages are less than an indicated amount of wages.
Table II - A Weekly Payroll
Table II - D Monthly Payroll
If wages are:
The
If wages are:
The
Line
Line
exemption
exemption
At
But less
At
But less
number
number
least
than
amount is
least
than
amount is
Column 1
Column 2
Column 3
Column 1
Column 2
Column 3
No tax withheld
No tax withheld
1
$0
$77
1
$0
$333
77
192
$58
2
2
333
833
$250
192
385
38
3
3
833
1,667
167
385
577
19
4
4
1,667
2,500
83
5
577 ...................
0
5
2,500 ...................
0
Table II - B Biweekly Payroll
Table II - E Daily Payroll
If wages are:
The
If wages are:
The
Line
Line
exemption
exemption
At
But less
At
But less
number
number
least
than
amount is
least
than
amount is
Column 1
Column 2
Column 3
Column 1
Column 2
Column 3
No tax withheld
No tax withheld
1
$0
$154
1
$0
$15
2
154
385
$115
2
15
38
$12
3
3
385
769
77
38
77
8
4
4
769
1,154
38
77
115
4
5
1,154 ...................
0
5
115 ...................
0
Steps for computing the amount of nonresident
Table II - C Semimonthly Payroll
earnings tax to be withheld:
If wages are:
The
Line
exemption
Step 1 – Find the proper table in the Table II series above,
At
But less
number
according to the payroll period. Find the line on which the
least
than
amount is
amount of gross wages is equal to at least Column 1 and less
Column 1
Column 2
Column 3
than Column 2.
No tax withheld
1
$0
$167
If the wages are found on line 1, there is no withholding (no
2
167
417
$125
further steps are needed).
3
417
833
83
Step 2 – Subtract the Column 3 exemption amount on the line
4
833
1,250
42
found in Step 1 from the gross wages.
5
1,250 ...................
0
Step 3 – Multiply the result of Step 2 by 0.50% (.0050). The
product is the amount of tax to withhold each pay period.
Example 1:
Example 2:
Example 3:
Weekly payroll, $75 gross wages
Weekly payroll, $200 gross wages
Semimonthly payroll, $400 gross wages
Step 1 Use Table II - A for weekly
Step 1
Use Table II - A for weekly
Step 1
Use Table II - C for semimonthly
payroll. Wages of $75 are
payroll. Use line 3 ($200 is at
payroll. Use line 2 ($400 is at
found on line 1, since $75 is at
least $192 and less than $385).
least $167 and less than $417).
least $0 and less than $77. No
Step 2
$200 - $38 (exemption) = $162
Step 2
$400 - $125 (exemption) = $275
tax is to be withheld from these
Step 3
$162 x .0050 = $0.81
Step 3
$275 x .0050 = $1.38
wages.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial