Our hourly payroll calculator software was developed by a team of skilled programmers, ensuring excellence and accuracy for all calculations. Tax information is delivered in real-time via a secure API connection with our consistently updated tax database, so you can be sure your deductions are correct every time. Count on our payroll calculator to provide ease of use, along with fast and accurate data output, saving you time and money!
Here are three of the most frequently-asked-questions about our hourly payroll calculator and New Mexico income taxes:
- Does New Mexico have a state income tax?
Yes, New Mexico uses a progressive tax system to collect state income tax from its workers.
- How does New Mexico tax capital gains?
New Mexico allows for the greater between a 50% deduction in capital gains or $1,000.
- How much is minimum wage in New Mexico?
New Mexico’s minimum wage is currently set at $9/hr.