Summer Analyst Tax Rate in NYC
Anyone know what $70k prorated is taxed at in NYC these days?
Trending Content - Investment Banking Forum
| +227 | Coverage Banking is Paradise | 28 | 5d |
| +96 | London Recruiting is Paradise | 42 | 6h |
| +75 | My Motivation Is At An All Time High | 13 | 3d |
| +59 | Are Canadians still get jobs in the US? | 41 | 7h |
| +51 | UBS preparing for a October Layoff Massacre | 8 | 1h |
| +46 | Is 7 years in banking enough to retire, or am I delusional? | 24 | 13h |
| +33 | MM IB --> NYC IB? | 17 | 11h |
| +32 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 21 | 2d |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 1h |
| +24 | Should I escape the matrix | 3 | 2d |
Career Resources
I'm pretty sure it's taxed the same as those who receive 70k annually. You are just going to get a big tax refund come next April.
Concurred. Expect for 40% of pretax to be withheld when all the taxes are considered. You will get a kickback from uncle sam for excess withholdings.
NYC/NY State Summer Analyst Income Taxes (Originally Posted: 12/21/2011)
I was a summer analyst in NYC this past summer; I believe starting in January we can file for the state and/or city income taxes. I had quite a bit taken out for state/city income taxes (made about $14k total and paid over $1k in state/city income taxes over the course of the summer).
Should I expect a refund? If so, is it possible to file myself or do I pretty much need a tax professional to help?
I'm no CPA, but paying 7% of your gross pay in taxes doesnt sound right. You might owe $$...
Holy fuck you paid nothing for taxes? How is that even possible?
i made about 14k also, put i paid like 4k in taxes.
He paid 1k for state/city income tax, i'm sure he paid more in addition to that for federal tax which he is not including in the 1k. I think state income tax is around 6% and city income tax is around 3% (9% of 14k = $1,260). You may owe a small amount, however i think you will probably be given a rebate. I doubt all of the 14k is eligible to be taxed, i am sure you can get student credit etc.
http://www.paycheckcity.com/calculator/netpay/us/new%20york/result.html. A blumpkin in return would be nice..
Qui est cum tempore perspiciatis totam. Eos provident ea nulla sunt esse earum. Repellendus dolorem commodi dolorem occaecati eos asperiores atque. Minus odio eligendi at ratione. Et odio deserunt tempore quisquam tempora quidem libero corporis.
Id nam sit sint asperiores est. Natus consectetur sequi ipsam sed sint doloremque consequuntur. Omnis ut modi unde voluptas esse ullam corrupti. Dolore dignissimos enim voluptas. Dignissimos vel laudantium non iure.
Reprehenderit assumenda quos dolor est. Explicabo perferendis natus maiores dolore. Magnam assumenda aut quo quam illum veritatis perferendis.
Et sit ut et voluptatem. Quae sint dolores esse corrupti dolor quia. Saepe quisquam voluptatem autem iste molestiae consequatur aspernatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...