Colorado Tax

For Colorado residents, you specify the employee's status and exemptions.

Deltek Modification Date - 1/16/24

Enter the following field information for residents of Colorado on the Withholding grid on the Payroll tab of the Employee Info Center:

Field	Description
Status	Enter the marital status claimed by the employee on federal Form W-4. Options are: S: Single M: Married
Exemptions	Colorado’s tax calculations do not use the Exemptions field.
Other Exemptions	Colorado’s tax calculations do not use the Other Exemptions field.

Field

Description

Status

Enter the marital status claimed by the employee on federal Form W-4. Options are:

Exemptions

Colorado’s tax calculations do not use the Exemptions field.

Other Exemptions

Colorado’s tax calculations do not use the Other Exemptions field.

The tax rate for supplemental wages for bonus runs is 4.4%.

Vision automatically applies a deduction of $10,000 if the employee's status is married filing jointly (M), or $5,000 otherwise.

To calculate an employee's Colorado State tax, Vision does the following:

Multiplies the employee's gross pay per pay period by the number of pay periods in a year to determine annualized gross wages.
Subtracts the employee's allowance and annualized 401(k) and 125/Cafeteria plan contributions from the employee's annualized gross wages.
Calculates the annual income tax using Tax Calculation Method 1.
Divides the annual income tax by the number of pay periods in a year to determine the amount to be withheld for the pay period. Vision then rounds the withheld amount to the nearest dollar.