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New York Paycheck Formula:
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The ADP Salary Paycheck Calculator estimates your net hourly pay in New York by subtracting taxes and deductions from your gross hourly wage. It accounts for federal tax, New York state tax, New York City tax, and FICA contributions.
The calculator uses the following formula:
Where:
Details: Understanding your net pay helps with budgeting, financial planning, and verifying paycheck accuracy. New York has some of the highest tax rates in the nation, making these calculations particularly important.
Tips: Enter all values in USD per hour. For most accurate results, use values from your most recent pay stub or ADP payroll system. All values must be positive numbers.
Q1: Why are New York taxes so high?
A: New York has progressive state and city income taxes that fund extensive public services. The top marginal rate is among the highest in the nation.
Q2: What is FICA?
A: FICA stands for Federal Insurance Contributions Act tax, which includes Social Security (6.2%) and Medicare (1.45%) taxes.
Q3: Are there other deductions not included here?
A: Yes, this calculator doesn't account for retirement contributions, health insurance, wage garnishments, or other voluntary deductions.
Q4: How often should I check my paycheck?
A: It's good practice to review every pay stub, especially after tax law changes, raises, or changes in withholding allowances.
Q5: Where can I find my exact tax rates?
A: Check your W-4 form for federal withholding and NY/NYC tax forms for local rates. Your employer's payroll department can provide specifics.