Minimum Wage Ny 2024 Benefits Calculator. Use adp’s new york paycheck calculator to estimate net or “take home” pay for either hourly or salaried employees. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation.
Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas. The new york minimum wage is the lowermost hourly rate that any employee in new york can expect by law.
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