How much does a Precision Instrument and Equipment Repairers, All Other actually take home in Colorado?
4.4% flat rate — 22.8% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-06
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Detailed line-by-line tax calculation for a Precision Instrument and Equipment Repairers, All Other earning $72,400 in Colorado (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $72,400 | — |
| Federal Income Tax | -$7,769 | 10.7% |
| Colorado State Income Tax | -$3,185 | 4.4% |
| Social Security (OASDI) | -$4,488 | 6.2% |
| Medicare | -$1,049 | 1.4% |
| Total Taxes | -$16,493 | 22.8% |
| Take-Home Pay | $55,906 | 77.2% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Precision Instrument and Equipment Repairers, All Other in Colorado.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $55,620 | -$11,392 | $44,227 | 20.5% |
| 25th Percentile (P25) | $60,810 | -$12,640 | $48,169 | 20.8% |
| Median (P50) | $72,400 | -$16,493 | $55,906 | 22.8% |
| 75th Percentile (P75) | $105,090 | -$27,624 | $77,465 | 26.3% |
| 90th Percentile (P90) | $110,700 | -$29,534 | $81,165 | 26.7% |
After federal income tax ($7,769), state tax ($3,185), and FICA ($5,538), a Precision Instrument and Equipment Repairers, All Other in Colorado takes home $55,906 per year — or $4,658 per month. The effective tax rate of 22.8% is relatively low compared to the national range.
Where does a Precision Instrument and Equipment Repairers, All Other keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Colorado ranks #8 out of 37 states for Precision Instrument and Equipment Repairers, All Other after-tax take-home pay.
A Precision Instrument and Equipment Repairers, All Other in Colorado earning a median salary of $72,400 will take home approximately $55,906 per year after federal income tax ($7,769), state income tax ($3,185), and FICA ($5,538). That is $4,658 per month or $2,150 per bi-weekly paycheck.
The effective total tax rate for a Precision Instrument and Equipment Repairers, All Other in Colorado is 22.8%, broken down as: federal income tax 10.7%, Colorado state tax 4.4%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
Colorado has a 4.4% flat rate. On a Precision Instrument and Equipment Repairers, All Other's median salary of $72,400, the state income tax amounts to $3,185 per year, which is an effective state rate of 4.4%.
After all taxes, a Precision Instrument and Equipment Repairers, All Other in Colorado takes home approximately $4,658 per month, or about $26.88 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $72,400 for Precision Instrument and Equipment Repairers, All Other in Colorado, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Colorado state income tax (4.4% flat rate), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $55,906/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR