Colorado Tipped Minimum Wage 2024. 1 to $14.42 per hour ($11.40 for tipped employees). Tipped workers' minimum wage is $11.40 with a tip credit of $3.02.
The statewide minimum wage for colorado — currently $13.65 — will increase on january 1, 2024, in line with the cost of living (cola) to an amount not yet determined. Although the fair labor standards act (flsa) generally requires that employers pay workers a minimum wage of $7.25/hour (see 29 u.s.c.
The State Is Not Alone In Its Upcoming Minimum Wage Hike.
You are entitled to be paid the higher state minimum wage.
The Tipped Minimum Wage In Colorado Is $10.63 Per Hour.
Tipped workers while the statewide minimum wage for regular employees sits at $13.65 per hour in 2023, tipped employees operate under a different system.
Denver's Minimum Wage Will Be Increased To $18.29 An Hour As Of Jan.
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Statewide, The Minimum Wage Will Increase From $13.65 To $14.42 Per Hour.
For tipped employees, the federal minimum wage is lower due to the allowance of a tip credit. the federal minimum wage for tipped employees is $2.13 per hour, provided that the sum of this wage plus tips equals at least.
The Minimum Wage For 2024 Will Be Finalized In Formal Rulemaking In The Fall Of 2023, According To The Website.
This is greater than the federal minimum wage of $7.25.
Currently At $13.65 Per Hour ($10.63 For Tipped Employees), The State's Minimum Wage Is Set To Increase On Jan.