Yonkers Withholding Tax Tables And Methods - 2015 Page 24
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26Page 24 of 26 NYS-50-T-Y (1/15)
Yonkers - Nonresident Earnings Tax
Method VIII - Annualized Tax 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 annualizes the pay for a given payroll period, computes the tax liability for the year, and divides the annual tax by the number
of payroll periods for the tax to be withheld. This is the recommended method when the pay is steady, with little or no fluctuation, because
a single computation for an employee may suffice for the year.
Table P Annual Factors
Daily
Weekly
Biweekly
Semimonthly
Monthly
260
52
26
24
12
Annual Tax Rate Schedule
Steps for computing the amount of nonresident
earnings tax to be withheld:
The Yonkers nonresident earnings tax rate is .50%
Step 1
Multiply gross wages for the payroll period by the number
of payroll periods in the year, as found in Table P above.
Withholding is not required for annualized pay that
This is the amount of annualized pay.
is less than $4,000.
Step 2
Find the line in the Annual Tax Rate Schedule (at left)
If annualized pay is:
The
on which the annualized pay is more than the amount in
annualized
But not
Column 1 but not more than the amount in Column 2.
exclusion is
Over
over
Line
If the annualized pay is found on line 1 (i.e., it is over $0
number
Column 1
Column 2
Column 3
but not over $3,999.99), there is no withholding required
No tax
(and no further steps are needed).
1
$0 $3,999.99
withheld
Step 3
Subtract the exemption amount found in Column 3 on
2
3,999.99
10,000
$3,000
the line found in Step 2 from the annualized pay found in
3
10,000
20,000
2,000
step 1.
Step 4
Multiply the result from Step 3 by the tax rate, which is
4
20,000
30,000
1,000
.50% (.0050).
5
30,000 ...................
0
Step 5
Divide the result from Step 4 by the number of payroll
periods, which is the same number found in Table P and
used in Step 1.
Example 1:
Example 2:
Example 3:
Weekly payroll, $75 gross wages
Weekly payroll, $200 gross wages
Semimonthly payroll, $400 gross wages
Step 1 The annual factor for weekly
Step 1 The annual factor for weekly
Step 1 The annual factor for semimonthly
wages found in Table P is 52.
wages found in Table P is 52.
wages found in Table P is 24.
$75 X 52 = $3,900
$200 X 52 = $10,400
$400 X 24 = $9,600
Step 2 $3,900 is found on line 1
Step 2 $10,400 is found on line 3
Step 2 $9,600 is found on line 2 since it is
since it is over $0 but not over
since it is over $10,000 but not
over $3,999.99 but not over $10,000.
$3,999.99. No tax is to be
over $20,000.
withheld.
Step 3 $9,600 - $3,000 = $6,600
Step 3 $10,400 - $2,000 = $8,400
Step 4 $6,600 X .0050 = $33.00
Step 4 $8,400 X .0050 = $42.00
Step 5 $33.00/24 = $1.38 Withhold this
Step 5 $42/52 = $.81 Withhold this
amount
amount
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