Overview

Capital
Tallahassee
Currency
United States Dollar (USD)
Date Format
mm/dd/yyyy

Taxes

Employer
6.20% - Social Security Tax
1.45% - Medicare Rate
Up To 5% - State Taxes
Employee

Minimum Wage

General

Minimum wage is $8.10 per hour.

Payroll Contributions

Social Security

Employer: 6.2%

Pension Fund

Employer:The government contributes 70.32% of employee’s wages towards their pension.
Employee: contributes 29.68% of the regular wages. Contribution limit of $18,000.

Health Insurance

Federal:

Employer: Medicare - 1.45%

Employee: Medicare - 1.45% (additional 0.9% contribution for employees earning less than $200,000)

Unemployment Insurance

Federal

Employer: 6.0% and maximum taxable earnings are $7,000

Leave

Public Holidays

There are 11 public holidays in Florida, public offices are officially closed however private companies are not required by law to give those days off to their employees.

Termination

Termination Process

Florida follows “employment at will” doctrine which means both the employee and employer are allowed to terminate the employment at any given time without a reason Therefore at the time of termination, the employer much pay all the necessary wages up to the day of termination.

Notice Period

There is no official notice period, but general practice is 2 weeks.

 

Severance Pay

There is no official state or federal law regarding severance payments. It depends on the company’s policies.

VAT

General

State sales tax is 6%.