1.45% - Medicare Rate
Up To 5.02% - State Taxes
The New York State minimum wage is $10.40 per hour. In Long Island and Westchester, it is $11.00 per hour. In NYC for small employers (of 10 or less) it is $12.00 per hour, and for large employers (of 11 or more) it is $13.00 per hour.
Paid Time Off
The state law does not require official vacation time to be given to the employees. It depends on the agreement with the employer.
No official law requires the employer to give employees sick days. Depends on the prior agreement upon start of employment.
There are 12 official public holidays.
State sales tax is 4.5% standard rate.
Employer:The state contribution is 27.6% of the employee's wages
Employee:The employee contribution is 20.1% of monthly wages. Contribution limit is $18,000
In the US, both the employer and employee contribute 6.20% for social security.
Both the employer and employee contribute 1.45% to Medicare.
NY follow “employment at will”doctrine which means both the employee and employer are allowed to terminate the employment at any given time without a reason Therefore at the time of termination, the employer must pay all the necessary wages up to the day of termination
Advance notice is 2 weeks.
Depends on the agreement between the employer and employee.