Including Colorado's 4.4% state income tax
| Gross Salary | $20,000 |
| Federal Income Tax | −$500 |
| Social Security (6.2%) | −$1,240 |
| Medicare (1.45%) | −$290 |
| Colorado State Tax (4.4%) | −$880 |
| Take-Home Pay | $17,090 |
On a $20,000 salary in Colorado, you can expect to take home approximately $17,090 per year, or about $1,424 per month. Your effective total tax rate is 14.5%.