Free New Mexico Hourly Paycheck Calculator
With this sophisticated, free New Mexico paycheck calculator on your side, you won’t need to worry anymore about getting everyone paid accurately and on time. For easy calculation of your net pay, simply input as many as six hourly pay rates along with the applicable federal, state, and local tax data.
Free New Mexico Hourly Paycheck Calculator FAQs
Our hourly paycheck calculator software is engineer tested for accuracy each time you use it. It also uses a constantly updated tax engine/database to ensure proper tax withholding and make the calculator even easier to use. All in all, you can count on our paycheck calculators to eliminate the stress and lost time that used to accompany your payroll process.
Here are three of the most frequently-asked-questions about our hourly paycheck calculator and New Mexico income taxes:
- Is there a state income tax in New Mexico?
Yes, New Mexico residents pay between 1.7% and 4.9% of their work earnings in state income tax.
- What is the required minimum wage rate in New Mexico?
The minimum wage rate in New Mexico is $9/hr.
- Does New Mexico tax capital gains differently than work income?
Yes. New Mexico allows for either 50% or $1,000 deduction in capital gains.
Start Tracking Employee Time For Free
Additional Resources for Our Paycheck Calculator
Workforce Solutions: Visit this page often to stay current with the labor and wage laws you must follow to run a business in New Mexico.
Wage and Hour Information: This important page will lead you to information on topics like wage laws, overtime requirements, and state income tax.
Withholding Taxes: Use the tax information found here to supplement your New Mexico hourly paycheck calculator.