PaySr Bulletins - CUNY |
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Subject: | Tax Calculation for Adjunct Employees in PaySR |
Bulletin No. CU58 |
Date: 4/9/99 |
The following information is being
provided to explain the tax calculation for adjunct employees in PaySR. The Annual Tax Rate Schedule is used for all tax calculations. Taxes are calculated on the amount of contract pay using the tax marital status of single or married and the number of withholding exemption allowances. This amount is then divided by the number of contract periods, and any additional withholding amount reported is then added. Federal taxes are calculated by subtracting the number of exemptions multiplied by $2,750 (the annual amount per allowance) from the contract pay amount. New York State taxes are calculated by subtracting the annual deduction allowance of $6,975 for single, or $7,475 for married, from the contract pay amount; then subtract the number of exemptions multiplied by $1,000. New York City resident taxes are calculated by subtracting the annual deduction allowance of $5,000 for single, or $5,500 for married, from the contract pay amount; then subtract the number of exemptions multiplied by $1,000. New York City non-resident taxes are calculated by subtracting the annualized pay exclusion amount from the contract pay, if applicable. Multiply the results by .0045, then divide that amount by the number of contract periods. Yonkers resident taxes are calculated by subtracting the annual deduction allowance of $6,975 for single, or $7,475 for married, from the contract pay amount; then subtract the number of exemptions multiplied by $1,000. Yonkers non-resident taxes are calculated by subtracting the annualized pay exclusion amount from the contract pay, if applicable. Multiply the results by .005; then divide that amount by the number of contract periods.
In the examples below, the employee’s contract pay amount is $6,200.01 (biweekly of $688.89), the contract periods are 9, the marital status is single, and the employee has filed one withholding allowance. 1. Federal Taxes - the annual Federal amount per allowance is $2,750.
2. New York State Taxes - the amount for New York State annual deduction allowance is $6,975 for single and $1,000 per exemption.
3. New York City Resident Taxes - the amount for NYC resident annual deduction allowance is $5,000 for single and $1,000 per exemption.
4. New York City Non-resident Taxes - the NYC annualized pay exclusion amount is $3,000.
5. Yonkers Resident Taxes - the amount for Yonkers resident annual deduction allowance is $6,975 for single and $1,000 per exemption.
6. Yonkers Non-resident Taxes - the Yonkers annualized pay exclusion amount is $3000.
Questions regarding this bulletin may be directed to the University Manager of Payroll Systems and Operations at CUNY Central Office. |