event, therefore I have added an event listener to the button element. NYC Paycheck Calculator Salary amount: Tax Rate: Hours Worked: Result: Calculate Paycheck const salaryAmount = document.getElementById("salary-amount"); const taxRate = document.getElementById("tax-rate"); const hoursWorked = document.getElementById("hours-worked"); const calculatePaycheckBtn = document.getElementById("calculate-paycheck"); const calculationResult = document.getElementById("calculation-result"); calculatePaycheckBtn.addEventListener("click", () => { const calculatePaycheckResult = (salaryAmount.value * (1 - taxRate.value) * hoursWorked.value).toFixed(2); calculationResult.innerHTML = calculatePaycheckResult; }); Understanding the NYC Paycheck Calculator As a resident of New York City, it can be daunting to understand all of the taxes you have to pay and the deductions you can receive. It can be difficult to keep up with the changing laws, regulations, and rates. Fortunately, the NYC Paycheck Calculator can help guide you through the confusing details and make deductions and payments clearer. The NYC Paycheck Calculator is a great online tool for calculating your paycheck deductions and resultant net pay. This free no-obligation calculator is an efficient way of calculating your net pay based on multiple factors. This calculator is designed to compute the proper deductions from gross pay, which includes city, state, and federal taxes. For example, if you make a certain amount of money and work in the borough of Manhattan, you may be subject to pay additional taxes. Similarly, residents in Queens and Bronx boroughs may not be subject to taxes in the same way. By inputting your resident borough, the calculator can accurately adjust the deductions to reflect the additional taxes. You can use the calculator on the NYC Paycheck website to quickly and accurately calculate your deductions and net pay. Besides the advantage of calculating different taxes for different boroughs, the calculator can compute deductions for special programs based on annual income. Depending on your current income status, the calculator can help determine which deductions may apply to your financials. These deductions can come in the form of retirement, student loan debt payments, health insurance payments, etc. It is important to note that these calculations are generalized and do not account for special tax scenarios, such as those involving foreign income, self-employment taxes/deductions, IRS audit, etc. If you have any additional or special tax concerns/criteria, you will need to contact a professional tax consultant for assistance. Using the NYC Paycheck Calculator To use the calculator, you should go to the NYC Paycheck website where you can input basic information about yourself. This will include information such as your gross pay for a certain pay period, borough of residence, and general information about deductions. Once you enter this information, the calculator will generate your deductions and net pay. If you are unsure of any of the information, you can click on the “help” icon on the calculator page. This will guide you through the basic information you may need to enter; as well as questions regarding deductions, taxes, and the resulting net pay. For example, you will need to enter any deductions you are receiving, such as health insurance, student loans payments, etc. You will also need to input the frequency of pay being received, such as bi-weekly, etc. The helpful information that is available in the “help” section of the NYC Paycheck Calculator can be used to easily adjust the data entered into the calculator. By making the correct adjustments, you can get an accurate assessment of your deductions and resultant net pay. This can be useful for budgeting and tracking your income. Conclusion Using the NYC Paycheck Calculator can help you quickly and accurately understand your paycheck and how the deductions and taxes impact your financials. By entering the right information, you can make informed decisions about deductions and net pay based on your resident borough. Go to the NYC Paycheck website to access the calculator and enter your data.