Enter your annual salary, pay frequency, and state tax rate into the calculator to determine your net pay in Colorado Springs.
Paycheck Calculation Formula
The following formula is used to calculate the net pay from your salary in Colorado Springs.
Net Pay = Gross Pay * (1 - State Tax Rate / 100)
Variables:
- Net Pay is the net amount you take home ($)
- Gross Pay is your salary before deductions ($)
- State Tax Rate is the percentage of tax deducted from your salary (%)
To calculate the net pay, multiply the gross pay by the state tax rate and subtract the result from the gross