Form Nys-50-T-Nyc - New York City Withholding Tax Tables And Methods Page 25
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
26
27
28
29
30
31
32Method II Exact Calculation Method
New York City
Single
Page 25 of 32 NYS-50-T-NYC (5/11)
Table II - D
Monthly Payroll
Table II - A
Weekly Payroll
If the amount of net
If the amount of net
wages (after subtracting
wages (after subtracting
deductions and
Add the result
deductions and
Add the result
exemptions) is:
Subtract
Multiply the
to Column 5
exemptions) is:
Subtract
Multiply the
to Column 5
Column 3
result by
amount.
Column 3
result by
amount.
L
L
At
But less
amount from
Column 4
Withhold the
At
But less
amount from
Column 4
Withhold the
i
i
Least
than
net wages
amount
resulting sum.
Least
than
net wages
amount
resulting sum.
n
n
e
Column 1
Column 2
Column 3
Column 4
Column 5
e
Column 1
Column 2
Column 3
Column 4
Column 5
1
$0
$154
$0
0.0190
$0
1
$0
$667
$0
0.0190
$0
2
154
167
154
0.0265
2.92
2
667
725
667
0.0265
12.67
3
167
288
167
0.0310
3.29
3
725
1,250
725
0.0310
14.25
4
288
481
288
0.0370
7.04
4
1,250
2,083
1,250
0.0370
30.50
5
481
1,154
481
0.0390
14.15
5
2,083
5,000
2,083
0.0390
61.33
6
1,154
9,615
1,154
0.0400
40.40
6
5,000
41,667
5,000
0.0400
175.08
7
9,615
. . . . . . . . .
9,615
0.0425
378.87
7
41,667
. . . . . . . . . . .
41,667
0.0425
1,641.75
Table II - B
Biweekly Payroll
Table II - E
Daily Payroll
If the amount of net
If the amount of net
wages (after subtracting
wages (after subtracting
deductions and
Add the result
deductions and
Add the result
exemptions) is:
Subtract
Multiply the
to Column 5
exemptions) is:
Subtract
Multiply the
to Column 5
Column 3
result by
amount.
Column 3
result by
amount.
L
L
At
But less
amount from
Column 4
Withhold the
At
But less
amount from
Column 4
Withhold the
i
i
Least
than
net wages
amount
resulting sum.
Least
than
net wages
amount
resulting sum.
n
n
e
Column 1
Column 2
Column 3
Column 4
Column 5
e
Column 1
Column 2
Column 3
Column 4
Column 5
1
$0
$308
$0
0.0190
$0
1
$0.00
$31.00
$0.00
0.0190
$0
2
308
334
308
0.0265
5.85
2
31.00
33.50
31.00
0.0265
0.58
3
334
577
334
0.0310
6.58
3
33.50
57.50
33.50
0.0310
0.66
4
577
962
577
0.0370
14.08
4
57.50
96.00
57.50
0.0370
1.41
5
962
2,308
962
0.0390
28.31
5
96.00
231.00
96.00
0.0390
2.83
6
2,308
19,231
2,308
0.0400
80.81
6
231.00
1,923.00
231.00
0.0400
8.08
7
19,231
. . . . . . . . .
19,231
0.0425
757.73
7
1,923.00
. . . . . . . . . . .
1,923.00
0.0425
75.77
Table II - C
Semimonthly Payroll
Annual Tax Rate Schedule
If the amount of net
If annual wages (after
wages (after subtracting
subtracting deductions
Subtract
Add the result
deductions and
Add the result
and exemptions) are:
Column 3
to Column 5
exemptions) is:
Subtract
Multiply the
to Column 5
amount from
Multiply the
amount. The
Column 3
result by
amount.
taxable portion
result by
resulting sum
L
L
At
But less
amount from
Column 4
Withhold the
At
But less
of annualized
Column 4
is the annualized
i
i
Least
than
net wages
amount
resulting sum.
Least
than
pay
amount
tax.
n
n
e
Column 1
Column 2
Column 3
Column 4
Column 5
e
Column 1
Column 2
Column 3
Column 4
Column 5
1
$0
$333
$0
0.0190
$0
1
$0
$8,000
$0
0.0190
$0
2
333
362
333
0.0265
6.33
2
8,000
8,700
8,000
0.0265
152.00
3
362
625
362
0.0310
7.13
3
8,700
15,000
8,700
0.0310
171.00
4
625
1,042
625
0.0370
15.25
4
15,000
25,000
15,000
0.0370
366.00
5
1,042
2,500
1,042
0.0390
30.67
5
25,000
60,000
25,000
0.0390
736.00
6
2,500
20,833
2,500
0.0400
87.54
6
60,000
500,000
60,000
0.0400
2,101.00
7
20,833
. . . . . . . . .
20,833
0.0425
820.88
7
500,000
. . . . . . . . . . .
500,000
0.0425
19,701.00
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 24, 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 24 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 $1,200 or less, you may use the simplified Dollar to Dollar Withholding Table beginning on page 28 to
find the amount to withhold. Otherwise, continue with Step 2.
Step 2 Locate the table on this page 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. The resulting sum is the amount to withhold from wages.
See page 27 for withholding calculation examples using Method II.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial