Since most hourly employees don't work full time and/or take time off, actual yearly earnings will likely be lower. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
In november 2020, florida voters approved changes to the state’s minimum wage, which will gradually increase from the current $8.65 an hour to $15 an hour by. Since most hourly employees don’t work full time and/or take time off, actual yearly earnings will likely be lower.
In 2021, The Minimum Wage Rose To $10 Per Hour.
Basic minimum rate (per hour):
A Full Time Minimum Wage Worker In Florida Working Will Earn $520.00 Per Week, Or $27,040.00 Per Year.
This is higher than the federal minimum wage of $7.25 per hour, but it is lower than the living wage in miami, which is.
Images References :
Federal And State Minimum Wage Rates, Annual.
In 2023, the rate reached $12 per hour.
This Is Higher Than The Federal Minimum Wage Of $7.25 Per Hour, But It Is Lower Than The Living Wage In Miami, Which Is.
As of september 30, 2023, the new hourly minimum wage rate in florida is $12.