What Is Minimum Wage In Florida 2024 Impact. Federal and state minimum wage rates, annual. Each september 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on september 30th, 2026.


What Is Minimum Wage In Florida 2024 Impact

Accordingly, all employers are required to pay employees at least the new minimum rate of $10 an hour or $6.98 plus tips for tipped employees. Once the minimum wage rate reaches $15, it will then be adjusted annually for inflation.

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