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To calculate tax withholding amount, employers determine the number of allowances employees claim on their IRS Form W-4 (Employee's Withholding Allowance Certificate) and refer to the income tax withholding tables provided by the IRS in Publication 15 which give ranges based on pay frequency, filing status and ...
The state as a whole has a progressive income tax that ranges from 4. % to 10.9%, depending on an employee's income level. There is also a supplemental withholding rate of 11.70% for bonuses and commissions.
New York has a progressive income tax that ranges from 4 to 8.82 percent depending on an employee's earnings. A 9.62 percent withholding rate is applied to any additional commissions or bonuses.
Who must withhold personal income tax. If you are an employer as described in federal Publication 15, Circular E, Employer's Tax Guide, and you maintain an office or transact business within New York State, whether or not a paying agency is maintained within the state, you must withhold personal income tax.
All domestic and foreign S corporations and qualified S subsidiaries in New York City that are: Doing business; Employing capital; Owning or leasing property, in a corporate or organized capacity; or.