Thanks! It's strange, but using that chart I calculate more tax being paid by someone with taxable income of $373,199 instead of $373,200 (the threshold). Is that possible?
Taxable Income of $373,200 = $373,200 x 6.85% = NY State Taxes $25,564
Taxable Income of $373,199 = below calculation from worksheet provided = NY State Taxes $26,103
Line 1: NY AGI = $389,249 (taxable income of $373,199 plus $16,050 standard deduction)
Line 2: NY Taxable Income = $373,199
Line 3: Multiply Line 2 by 6.85% = $25,564
Line 4: NY State Tax Using Brackets = $22,828 (19,403 plus 6.85% of $373,199 less $323,200)
Line 5: Subtract Line 4 from Line 3 = $2,736
Line 6: Enter $1,056 = $1,056
Line 7: Subtract Line 6 from Line 5 = $1,680
Line 8: Enter Excess of Line 1 over $323,200 = $66,049
Line 9: Divide Line 8 by 50,000 to the fourth decimal = 1.3210
Line 10: Multiply Line 7 by Line 9 = $2,219
Line 11: Add Lines 4, 6, and 10 = $26,103
