Minimum Wage | $7.25 |
Minimum Cash Wage (Tipped Employee) | $2.13 |
Maximum Tip Credit | $5.12 |
Youth Minimum Wage | $4.25 |
Maximum Taxable Earnings | No Limit |
Employee / Employer Tax Rate (Unchanged from 2016) | 1.45% |
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) | 0.9% |
Maximum Taxable Earnings (Increased from $118,500 in 2016) | $127,200 |
Employee / Employer Tax Rate (Unchanged from 2016) | 6.2% |
Maximum Taxable Earnings | $7,000 |
Percent of Taxable Wages | 6.0% |
Maximum Credit | 5.4% |
Normal Net Tax | 0.6% |
Flat rate withholding method (Unchanged from 2016) | 25.0% |
Pay over $1 Million (Unchanged from 2016) | 39.6% |
Self-Only Contribution Limit (Employee & Employer) (Increased from $3,350 in 2016) | $3,400 |
Family Contribution Limit (Employee & Employer) (Unchanged from 2016) | $6,750 |
Catch-up Contribution Limit (Employee & Employer) (Unchanged from 2016) | $1,000 |
Contribution Limit - 401(k) & 403(b) plans (Unchanged from 2016) | $18,000 |
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 & older) (Unchanged from 2016) | $6,000 |
Minimum Wage | $9.70* |
Minimum Cash Wage (Tipped Food Service Worker) | $7.50* |
Maximum Tip Credit (Tipped Food Service Worker) | $2.20* |
* Base rates (outside of Nassau, Suffolk and Westchester counties or NYC)
Wage Withholding | Tables |
Supplemental Wage / Bonus Rate | 9.62% |
Maximum 2017 Taxable Earnings (Increased from $10,700 in 2016) | $10,900 |
Employee Deduction | None |
Employer 2017 Tax Rates (Includes 0.075% Re-employment Services Fund rate) | 1.3 - 9.1% |
Standard 2017 New Employer Rate (Includes 0.075% Re-employment Services Fund rate) | 4.0% |
Voluntary Contribution Permitted | Yes |
Employee Deduction (Up to $0.60 per week) | 0.5% |
Employer Contribution | Difference between benefit cost and employee contribution |
Dept. of Taxation and Finance: http://www.tax.ny.gov |
Dept. of Labor: http://www.labor.ny.gov |