Salary Calculation Formula:
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The NYC Office of Payroll Administration (OPA) salary calculation determines an employee's net pay by subtracting all applicable taxes and deductions from the gross pay. This includes federal, state, and city taxes as well as FICA contributions.
The calculator uses the following formula:
Where:
Details: Precise salary calculation ensures correct paycheck amounts, proper tax withholding, and compliance with all applicable laws and regulations for NYC government employees.
Tips: Enter all amounts in USD. Gross pay should be annual amount, while tax amounts can be either per-paycheck or annual figures (as long as all values use the same time period).
Q1: What is included in FICA?
A: FICA includes Social Security (6.2%) and Medicare (1.45%) taxes, totaling 7.65% of gross pay up to the Social Security wage base.
Q2: How are NYC taxes different from state taxes?
A: NYC has its own local income tax in addition to New York State income tax, with rates based on residency status and income level.
Q3: Are there other deductions not included here?
A: Yes, this calculator shows major deductions but doesn't include optional deductions like retirement contributions, union dues, or health insurance premiums.
Q4: How often are OPA employees paid?
A: Most NYC employees are paid bi-weekly, though some positions may have different pay schedules.
Q5: Where can I find my exact tax amounts?
A: Exact withholding amounts can be found on your pay stubs or through the NYC Employee Self-Service portal.