American Payroll Association (APA) Basic Guide to Payroll, 2013 Edition
It's more important than ever to be in compliance with payroll laws and regulations! How do you stay in compliance and avoid penalties? The APA Basic Guide to Payroll is written to make understanding the laws and regulations as easy as possible. And this single-volume guide is filled with tools to help you apply the law and make proper calculations – with ease!
The Florida minimum wage will to increase by 12 cents to $7.79 per hour effective January 1, 2013. For tipped employees, the minimum wage will increase to $4.77 per hour on January 1, in addition to tips.
In the November 2, 2004, General Election, Florida voters approved a measure establishing a state minimum wage ($6.15 an hour) and providing for future increases indexed to inflation. The state minimum wage is recalculated each September 30, based on the rate of inflation during the 12 months prior to each September 1st, using the consumer price index for urban wage earners and clerical workers, CPI-W, or a successor index as calculated by the United States Department of Labor. Each adjusted minimum wage rate takes effect on the following January 1st.
For the period August 2011 to August 2012, the change in the cost of living was 1.6% or 12 cents, based on the Consumer Price Index - South Urban Wage Earners and Clerical Workers, according to the Florida Department of Economic Opportunity, Labor Market Statistics Center.
Currently, the minimum wage in Florida is $7.67 per hour for non-tipped employees and $4.65 an hour for tipped employees, plus tips. (Florida Department of Economic Opportunity, October 2012, www.floridajobs.org/minimumwage/MinimumWageCalculation_2013.pdf; 2013 Minimum Wage Poster, www.floridajobs.org/minimumwage/Poster-FL_MinWage2013.pdf.)
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