Florida Minimum Wage Increases on January 1st 2020
29 states, including Florida, have higher minimum wage rates than the federal level - which is $7.25 ($10.80 for federal contractors in 2020 - which applies in Florida).
For Florida employers, the minimum wage increases from $8.46 to $8.56 for 2020. Tipped worker minimum rates also increase from $5.44 to $5.54 per hour.
Florida generally follows federal rules on overtime, with time and one-half required for over 40 hours worked in a week.
A few Florida cities are attempting to increase minimum wages above the Florida rate. You may need to check with your locality regarding the status of these attempts.
Kulzick Consulting, PA can provide reliable, trusted and professional CPA backing for your small business. Check our web site for more information - https://yoursmallbusinesscpa.com/
#minimumwage #floridawage #minimumpay #KulzickCPA #MiamiCPA #BusinessCPA