ACES$ FINANCIAL MANAGEMENT SERVICES

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ACES$ FINANCIAL MANAGEMENT SERVICES Colorado CDASS

Show Me the Pay Rate Table - Effective January 1,2015

The following table is an example which illustrates the "cost to you" of employing someone.

Hourly Wage

$

8.23

$

8.25

$

8.50

$

8.75

$

9.00

$

9.25

$

9.50

$

9.75

$

10.00

$

10.25

$

10.50

$

10.75

$

11.00

$

11.25

$

11.50

$

11.75

$

12.00

$

12.25

$

12.50

Hourly Cost

to You

$

9.37

$

9.39

$

9.67

$

9.96

$ 10.24

$ 10.53 $ 10.81 $ 11.10

$ 11.38 $ 11.66 $ 11.95

$ 12.23 $ 12.52 $ 12.80 $ 13.09

$ 13.37 $ 13.66 $ 13.94

$ 14.23

Hourly Wage

$

12.75

$

13.00

$

13.25

$

13.50

$

13.75

$

14.00

$

14.25

$

14.50

$

14.75

$

15.00

$

15.25

$

15.50

$

15.75

$

16.00

$

16.25

$

16.50

$

16.75

$

17.00

$

17.25

Hourly Cost to You

$ 14.51 $ 14.79 $ 15.08 $ 15.36 $ 15.65 $ 15.93 $ 16.22 $ 16.50 $ 16.79 $ 17.07 $ 17.35 $ 17.64 $ 17.92 $ 18.21 $ 18.49 $ 18.78 $ 19.06 $ 19.35 $ 19.63

Hourly Wage

Hourly Cost to You

$

17.50 $

19.92

$ 17.75 $ 20.20

$ 18.00 $ 20.48 $ 18.25 $ 20.77 $ 18.50 $ 21.05

$ 18.75 $ 21.34 $ 19.00 $ 21.62 $ 19.25 $ 21.91

$ 19.50 $ 22.19 $ 19.75 $ 22.48 $ 20.00 $ 22.76

$ 20.25 $ 23.04 $ 20.50 $ 23.33 $ 20.75 $ 23.61 $ 21.00 $ 23.90

$ 21.25 $ 24.18 $ 21.50 $ 24.47 $ 21.75 $ 24.75

$ 22.00 $ 25.04

Maximum Hourly Rate

$

39.30 $

44.72

A breakdown of the costs included in the "cost to you" column are as follows:

6.20%

FICA

1.45%

Medicare

0.60%

Federal Unemployment Tax

2.13%

State Unemployment Tax

3.42%

Workers Compensation

13.80%

TOTAL

You are certainly free to pay an employee any amount you desire as long as your wages are within the State's funding parameters. Current minimum wage is $8.23 per hour.

You can calculate a rough "cost to you" by multiplying the wage you wish to pay by 113.80%

Example:

$9.00 x 113.80 % = $10.24

ACES$ * 6041 S Syracuse Way, Suite 105 * Greenwood Village * Colorado * 80111 Toll Free: (844) 776-7595 * Facsimile: (303) 242-8864 * Website:

Colorado CDASS Program

Attendant Wages: "Cost to You"

Effective 1/1/2015 - 12/31/2015

The following table shows the approximate hourly cost to you to pay an employee. The "cost to you" is the amount that will come out of your CDASS allocation. The "cost to you" includes employer taxes and worker's compensation insurance costs that Morning Star will make on your behalf. The amount of those taxes and worker's compensation insurance is broken down at the bottom of this page.

Employee Cost To Wage You

$ 8.23 $ 9.37 $ 8.50 $ 9.67 $ 8.75 $ 9.96 $ 9.00 $ 10.24 $ 9.25 $ 10.53 $ 9.50 $ 10.81 $ 9.75 $ 11.10 $ 10.00 $ 11.38 $ 10.25 $ 11.66 $ 10.50 $ 11.95 $ 10.75 $ 12.23 $ 11.00 $ 12.52 $ 11.25 $ 12.80 $ 11.50 $ 13.09 $ 11.75 $ 13.37 $ 12.00 $ 13.66 $ 12.25 $ 13.94 $ 12.50 $ 14.23 $ 12.75 $ 14.51

Employee Cost To Wage You

$ 13.00 $ 14.79 $ 13.25 $ 15.08 $ 13.50 $ 15.36 $ 13.75 $ 15.65 $ 14.00 $ 15.93 $ 14.25 $ 16.22 $ 14.50 $ 16.50 $ 14.75 $ 16.79 $ 15.00 $ 17.07 $ 15.25 $ 17.35 $ 15.50 $ 17.64 $ 15.75 $ 17.92 $ 16.00 $ 18.21 $ 16.25 $ 18.49 $ 16.50 $ 18.78 $ 16.75 $ 19.06 $ 17.00 $ 19.35 $ 17.25 $ 19.63 $ 17.50 $ 19.92

Employee Cost To Wage You

$ 17.75 $ 20.20 $ 18.25 $ 20.77 $ 18.75 $ 21.34 $ 19.25 $ 21.91 $ 19.75 $ 22.48 $ 20.25 $ 23.04 $ 20.75 $ 23.61 $ 21.25 $ 24.18 $ 21.75 $ 24.75 $ 22.25 $ 25.32 $ 22.75 $ 25.89 $ 23.25 $ 26.46 $ 23.75 $ 27.03 $ 24.25 $ 27.60 $ 24.75 $ 28.17 $ 25.25 $ 28.73 $ 25.75 $ 29.30 $ 26.25 $ 29.87 $ 26.75 $ 30.44

Total Employer Contributions Include the Following:

FICA (Social Security)

6.20%

Medicare

1.45%

FUTA

0.60%

SUTA

2.13%

Worker's Compensation

3.42%

Total Cost

13.80%

Please Note: The amounts in the table above are examples only. You are free to pay your employees the hourly wage you want, as long as it does not go over the maximum rate allowed for CDASS of $39.30.

If the wage is not listed above just take the wage you want to pay and multiply the amount by 1.138. This will give you the approximate "cost to you".

If you have any questions, please call Morning Star at 1-844-450-5444.

Colorado CDASS Program Morning Star Financial Services of Colorado 2/17/2015

"Attendant Wages: Cost to You"

Effective paydays January 1, 2015 through December 31, 2015

The following chart shows you how much each employee will cost you based on the hourly rate you pay them. The total 'cost to you' is the amount that will come out of your CDASS monthly allocation.

EMPLOYEE WAGE $8.23 $8.50 $8.75 $9.00 $9.25 $9.50 $9.75 $10.00 $10.25 $10.50 $10.75 $11.00 $11.25 $11.50 $11.75 $12.00 $12.25 $12.50 $12.75

COST TO YOU $9.31 $9.61 $9.90 $10.18 $10.46 $10.74 $11.03 $11.31 $11.59 $11.88 $12.16 $12.44 $12.72 $13.01 $13.29 $13.57 $13.85 $14.14 $14.42

EMPLOYEE WAGE $13.00 $13.25 $13.50 $13.75 $14.00 $14.25 $14.50 $14.75 $15.00 $15.25 $15.50 $15.75 $16.00 $16.25 $16.50 $16.75 $17.00 $17.25 $17.50

COST TO YOU $14.70 $14.99 $15.27 $15.55 $15.83 $16.12 $16.40 $16.68 $16.97 $17.25 $17.53 $17.81 $18.10 $18.38 $18.66 $18.94 $19.23 $19.51 $19.79

EMPLOYEE WAGE $17.75 $18.25 $18.75 $19.25 $19.75 $20.25 $20.75 $21.25 $21.75 $22.25 $22.75 $23.25 $23.75 $24.25 $24.75 $25.25 $25.75 $26.25 $26.75

COST TO YOU $20.08 $20.64 $21.21 $21.77 $22.34 $22.90 $23.47 $24.03 $24.60 $25.16 $25.73 $26.30 $26.86 $27.43 $27.99 $28.56 $29.12 $29.69 $30.25

The breakdown of the "COST TO YOU" :

FICA (Social Security)

6.20%

Medicare

1.45%

FUTA

0.60%

SUTA

2.22%

Worker's Compensation

2.63%

Total Cost Factor

13.10%

Please Note: The Colorado minimum wages is $8.23 and the maximum wage allowed for CDASS is $39.30.

Your Rate Not Here? You can calculate the approximate "Cost to You" by multiplying Your Employee Wage by 1.1310

Informational Form

12/16/2014

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