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EndofYear Frequently Asked Questions Document #:3142Product:CenterPoint PayrollThe following topics provide instructions on how to update tax tables, print tax forms and covers the most common questions

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What is nys-50-tyyonkers withholding tax tables?

The NYS-50-TY Yonkers withholding tax tables are used to determine the amount of Yonkers local withholding tax that employers must deduct from employees' wages based on their income levels.

Who is required to file nys-50-tyyonkers withholding tax tables?

Employers who have employees working in Yonkers, New York, and are subject to local income taxes are required to use the NYS-50-TY Yonkers withholding tax tables to calculate the local withholding tax.

How to fill out nys-50-tyyonkers withholding tax tables?

To fill out the NYS-50-TY withholding tax tables, employers should refer to the tables provided by the New York State Department of Taxation and Finance, identify the correct withholding amount based on the employee's wage bracket and filing status, and ensure accurate reporting on payroll records.

What is the purpose of nys-50-tyyonkers withholding tax tables?

The purpose of the NYS-50-TY Yonkers withholding tax tables is to ensure that employers correctly withhold the appropriate amount of local tax from employees' wages to comply with Yonkers tax regulations.

What information must be reported on nys-50-tyyonkers withholding tax tables?

Employers must report the employee's gross wages, filing status, and the calculated Yonkers withholding amount based on the tax tables.

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