While the majority of Employee Services staff will work remotely to do our part to reduce community spread of the COVID-19 virus, our services will continue without interruption. We're dedicated to providing excellent service to every CU employee and every HCM user. You can still reach us by phone or email. If you have questions or need assistance, reach out at hcm_community@cu.edu or 303-860-4200, option 2.
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2014 by the numbers
January 1, 2014 by Employee and Information Services
- $8: The Colorado minimum wage, effective Jan. 1.
- 6.2 percent: Social Security tax rate for both employees and employers.
- $117,000: Social Security wage base
- 0.9 percentage points: employee Medicare tax rate increases (from 1.45 percent to 2.35 percent) on wages paid over $200,000 in a year.
- $17,500: The basic annual deduction limits for 401(k), 457, and 403(b) plans.
- $5,500: Annual catch-up contributions for 401(k), 457, and 403(b) participants who are at least age 50 by the calendar year’s end.
- $52,000: The contribution limit for the 401(a) plans.
- 25 percent: Federal supplemental tax rate (It’s 39.6 percent for over $1 million).
- 4.63 percent: Colorado supplemental tax rate.
- $0.235 per mile: Federal standard reimbursement rate for relocation (moving) related mileage (non-taxable – see IRS website: http://www.irs.gov/2014-Standard-Mileage-Rates-for-Business,-Medical-and...).
- $0.50 per mile: The Colorado state reimbursement rate for mileage. For moving expenses, $0.23 of this is nontaxable (MVN) and $0.27 is taxable (MVT).
Additional information is available at https://www.cu.edu/pbs/taxreminders.html.
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