Instructions For Form Nys-50-T-Nyc - New York City Withholding Tax Tables And Methods - 2011 Page 27

ADVERTISEMENT

New York City
Page 27 of 32 NYS-50-T-NYC (5/11)
Method II Exact Calculation Method
Examples
Single
Example 1: Weekly payroll, $400 gross wages, single, 3 exemptions
Example 3: Monthly payroll, $50,000 gross wages, single, 3 exemptions
1. Amount from Table A on page 24 is $153.90 for single, weekly payroll,
1. Amount from Table A on page 24 is $666.60 for single, monthly
3 exemptions. $400 wages - $153.90 = $246.10 net wages.
payroll, 3 exemptions. $50,000 wages - $666.60 = $49,333.40 net
2. Use Table II - A on page 25 for single, weekly payroll. Look up $246.10
wages.
and use line 3 on which $246.10 is greater than Column 1 ($167) but less
2. Use Table II - D on page 25 for single, monthly payroll. Look up
than Column 2 ($288).
$49,333.40 and use line 7 on which $49,333.40 is greater than
3. $246.10 - $167(from Column 3, line 3) = $79.10.
Column 1 ($41,667).
4. $79.10 x .0310 (from Column 4, line 3) = $2.45.
3. $49,333.40 - $41,667 (from column 3, line 7 = $7,666.40.
5. $2.45 + $3.29 (from Column 5, line 3) = $5.74. Withhold this amount.
4. $7,666.40 x .0425 (from Column 4, line 7) = $325.82.
5. $325.82 + $1,641.75 (from Column 5, line 7) = $1,967.57. Withhold
this amount.
Example 2: Semimonthly payroll, $5,000 gross wages, single, 1 exemption
Example 4: Daily payroll, $750 gross wages, single, 2 exemptions
1. Amount from Table A on page 24 is $250 for single, semimonthly
1. Amount from Table A on page 24 is $26.95 for single, daily
payroll, 1 exemption. $5,000 wages - $250 = $4,750 net wages.
payroll, 2 exemptions. $750 wages - $26.95 = $723.05 net wages.
2. Use Table II - C on page 25 for single, semimonthly payroll. Look up
2. Use Table II - E on page 25 for single, daily payroll. Look up
$4,750 and use line 6 on which $4,750 is greater than Column 1
$723.05 and use line 6 on which $723.05 is greater than Column 1
($2,500) but less than Column 2 ($20,833).
($231.00) but less than Column 2 ($1,923.00).
3. $4,750 - $2,500 (from Column 3, line 6) = $2,250.
3. $723.05 - $231.00 (from Column 3, line 6) = $492.05.
4. $2,250 x .0400 (from Column 4, line 6) = $90.
4. $492.05 x .0400 (from Column 4, line 6) = $19.68.
5. $90.00 + $87.54 (from Column 5, line 6) = $177.54. Withhold this
5. $19.68 + $8.08 (from Column 5, line 6) = $27.76. Withhold this
amount.
amount.
Married
Example 1: Weekly payroll, $400 gross wages, married, 4 exemptions
Example 3: Monthly payroll, $50,000 gross wages, married, 3 exemptions
1. Amount from Table A on page 24 is $182.75 for married, weekly
1. Amount from Table A on page 24 is $708.20 for married, monthly
payroll, 4 exemptions. $400 wages - $182.75 = $217.25 net wages.
payroll, 3 exemptions. $50,000 wages - $708.20 = $49,291.80 net
2. Use Table II - A on page 26 for married, weekly payroll. Look up
wages.
$217.25 and use line 3 on which $217.25 is greater than Column 1
2. Use Table II - D on page 26 for married, monthly payroll. Look up
($167) but less than Column 2 ($288).
$49,291.80 and use line 7 on which $49,291.80 is greater than
3. $217.25 - $167 (from Column 3, line 3) = $50.25.
Column 1 ($41,667).
4. $50.25 x .0310 (from Column 4, line 3) = $1.56.
3. $49,291.80 - $41,667 (from Column 3, line 7) = $7,624.80.
5. $1.56 + $3.29 (from Column 5, line 3) = $4.85. Withhold this
4. $7,624.80 x .0425 (from Column 4, line 7) = $324.05.
amount.
5. $324.05 + $1,641.75 (from Column 5, line 7) = $1,965.80. Withhold
this amount.
Example 2: Semimonthly payroll, $5,000 gross wages, married, 3 exemptions
Example 4: Daily payroll, $750 gross wages, married, 2 exemptions
1. Amount from Table A on page 24 is $354.10 for married, semimonthly
1. Amount from Table A on page 24 is $28.85 for married, daily
payroll, 3 exemptions. $5,000 wages - $354.10 = $4,645.90 net wages.
payroll, 2 exemptions. $750 wages - $28.85 = $721.15 net wages.
2. Use Table II - C on page 26 for married, semimonthly payroll. Look up
2. Use Table II - E on page 26 for married, daily payroll. Look up
$4,645.90 and use line 6 on which $4,645.90 is greater than Column 1
$721.15 and use line 6 on which $721.15 is greater than Column 1
($2,500) but less than Column 2 ($20,833).
($231.00) but less than Column 2 ($1,923.00).
3. $4,645.90 - $2,500 (from Column 3, line 6) = $2,145.90.
3. $721.15 - $231.00 (from Column 3, line 6) = $490.15.
4. $2,145.90 x .0400 (from Column 4, line 6) = $85.84.
4. $490.15 x .0400 (from Column 4, line 6) = $19.61.
5. $85.84 + $87.54 (from Column 5, line 6) = $173.38. Withhold this
5. $19.61 + $8.08 (from Column 5, line 6) = $27.69. Withhold this
amount.
amount.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial