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What is minimum wage before tax. Floridas minimum wage rate is modified annually based upon an inflation and cost of living formula. The assumption is the sole provider is working full time 2080 hours per year. The increase is calculated by the florida department of economic opportunity and is.
Minimum wages for tipped employees will also increase by the same amount. A ballot initiative in november would change floridas constitution to raise the states minimum wage from 856 an hour to 15 by 2026. Living wage calculation for pinellas county florida.
Prices will increase significantly having the largest negative impact on floridas seniors. Effective january 1 2021 floridas minimum wage rate will increase from 856 per hour to 865 per hour. The assumption is the sole provider is working full time 2080 hours per year.
Living wage calculation for tampa st. One reason floridas current minimum wage is higher than the national floor is because in 2004 florida voters approved putting a 615 minimum wage into the state constitution. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family.
The current minimum wage in florida is 856 per hour as of january 1 2020. Afterwards floridas minimum wage increased annually by inflation. This minimum wage is up 10 cents from the current minimum wage in the sunshine state of 846 per hour.
Floridas starting wage is already 18 higher than the federal minimum wage and the highest among surrounding states. The florida minimum wage was raised to 805 per hour on january 1 2015 and remained the same for 2016. 205 open jobs for minimum wage in clearwater.
The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The tipped wage is 554 per hour.
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