Minimum Wage 2024 Florida Calculator

Minimum Wage 2024 Florida Calculator. The fica tax withholding from each of your paychecks is your way of paying into the social security and medicare systems that you’ll benefit from in your retirement years. Florida allows employers to credit up to $3.02 in earned tips against an employee's wages per hour, which can result in a cash wage as low as $5.44 per hour.

That’s per the amendment floridians approved in 2020 to raise the wage incrementally, first from $8.65 to $10. Florida’s state minimum wage rate is $13.00 per hour.