New York Wage and Tax Facts 2019 - Tricom

New York Wage and Tax Facts 2019

MINIMUM WAGE

Minimum Wage:

$

Minimum Cash Wage:

$

(Tipped Employee)

Maximum Tip Credit:

$

Effective: 12/31/18

STATE INCOME TAX Wage Withholding: Supplemental Wage/Bonus Rate:

11.10 7.50 3.60

Tables 9.62%

UNEMPLOYMENT INSURANCE

Maximum Taxable Earnings:

$

Employee Deduction:

Employer Tax Rates:

Standard New Employer Rate:

Voluntary Contribution Permitted:

11,400 None

0.9 - 8.3% 3.60% Yes

RECIPROCITY RULES

None

WORKERS' COMPENSATION Please contact your insurance provider for details

STAFFING SERVICES SUBJECT TO SALES TAX

Currently no legislation METROPOLITAN COMMUTER TRANSPORTATION

MOBILITY TAX (MCTMT)

Rate of 0.34% (employer expense based on wages)

DISABILITY INSURANCE / PAID FAMILY LEAVE

Employee Deduction:

0.50%

(Up to $0.60 per week)

Employer Contribution: Paid Family Leave (employee deduction)

Difference between cost and employee

contribution

0.153% of employee's weekly

wages

Payroll Expense Over $312,500 but not over $375,000 Over $375,000 but not over $437,500 Over $437,500

MCTMT Rate .11% (.0011) .23% (.0023) .34% (.0034)

The MCTD includes the counties of New York (Manhattan), Bronx, Kings (Brooklyn), Queens, Richmond (Staten Island), Rockland, Nassau, Suffolk, Orange, Putnam, Dutchess, and

Westchester.



AGENCY WEBSITES

LOCAL INCOME TAXES

Dept of Taxation & Finance: tax.

Dept of Labor: labor.

Please contact your payroll specialist for details.

New Hire Reporting:





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