Colorado Payroll Tax Calculator
Calculate payroll taxes in Colorado. See FICA, federal withholding, and Colorado state tax up to 4.4%. Employer cost breakdown included.
How This Calculator Works
Calculation methodology and assumptions
Payroll tax calculator for Colorado. Employee taxes: Social Security 6.2% (up to $168,600 wage base), Medicare 1.45% (+ 0.9% Additional Medicare Tax above $200,000), federal income tax withholding, and Colorado state income tax up to 4.4%. Employer taxes: matching FICA (6.2% SS + 1.45% Medicare), FUTA (0.6% on first $7,000), and state unemployment insurance.
Key State Information
Colorado payroll facts: State income tax up to 4.4%. Median household income: $82,254. State minimum wage: $14.42/hr (above federal $7.25).
Frequently Asked Questions
What payroll taxes do employers pay in Colorado?
Colorado employers pay: Social Security (6.2% up to $168,600), Medicare (1.45%), FUTA (0.6% on first $7,000), and state unemployment insurance (SUTA). Employers must also withhold Colorado state income tax from employee paychecks.
How much does an employee cost beyond salary in Colorado?
Employer payroll taxes typically add 7.65-10% to salary costs (FICA match + FUTA/SUTA). On a $82,254 salary, expect $6,992-$8,225 in additional employer taxes annually.
Related Calculators
More Payroll Tax Calculators
More Calculators for Colorado
Explore related financial tools with Colorado data