Ny Paycheck Calculator

How to Use the NY Paycheck Calculator

This guide will walk you through the steps necessary to use the NY Paycheck Calculator effectively. Ensure you have all the required information at hand before you begin.

Step 1: Enter Basic Information

• Pay Frequency:

  Select your pay frequency from the options provided. You can choose from Weekly, Bi-Weekly, Semi-Monthly, or Monthly.

• Gross Pay Per Period:

  Enter your gross pay for each period in the space provided. This is the amount you earn before any deductions are made. Make sure the amount is zero or greater.

Step 2: Enter Allowances and Withholdings

• NY State Allowances:

  Enter the number of allowances you are claiming for New York state taxes. This should be a whole number.

• Additional NY State Withholding:

  If you have additional New York state withholding, enter that amount here. This field is optional.

• Federal Allowances (W-4):

  Enter the number of federal allowances you are claiming according to your W-4 form. This should be a whole number.

• Additional Federal Withholding:

  If you have additional federal withholding, enter that amount. This field is optional.

Step 3: Review Calculation Results

Once you have entered all the required information, the calculator will display various results based on your inputs:

• Annual Gross Pay:

  This is calculated by multiplying your gross pay per period by your pay frequency.

• Federal Withholding Tax:

  Calculated taking into account your annual gross pay, federal allowances, and any additional federal withholding.

• Social Security Tax:

  This is calculated as a percentage of your gross pay, with applicable limits.

• Medicare Tax:

  This is a percentage of your gross pay.

• NY State Withholding:

  Calculated based on your annual gross pay, state allowances, and any additional state withholding.

• NY Disability Insurance:

  This reflects contributions to disability insurance in New York.

• NY Paid Family Leave:

  Shows your contributions to the state’s paid family leave program.

• Total Deductions:

  This is the total sum of all the deductions calculated above.

• Net Pay:

  The amount you take home after all deductions have been subtracted from your gross pay.