If you manage a small to medium sized business, Time Clock Wizard has just the tool that you need to prevent inaccuracies, delays, and payroll disputes. Our New Mexico salary paycheck calculator has been rigorously tested to solve problems exactly like these. Start using it right away to decrease your company’s collective stress and get back to the business of doing business.
Want a little more information before you get started? Here are a few of the questions we hear about our New Mexico salary calculator most often:
- 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.