2015 Florida Taxable Wage Base Decrease & Minimum Wage Increase

Reemployment Tax Rates for 2015 

The 2015 reemployment (formerly unemployment) tax rate notices (RT-20) will be mailed to Florida employers by late January. Under Florida law, reemployment tax rates are calculated each year. The taxable wage base has decreased from the first $8,000 in wages per employee to the first $7,000 per employee for wages paid in 2015. Businesses should use the correct tax rate identified on the Reemployment Tax Rate Notice (RT-20) when filing the 1st quarter report in April 2015.

The State of Florida pays reemployment assistance benefits to qualified claimants using monies from theUC Trust Fund, which is funded by the reemployment (formerly unemployment) tax paid by Floridaemployers; Florida employees do not pay into the fund.

Reemployment tax is calculated by multiplying thetax rate by the taxable wages for the quarter.

2015 Tax Rates (effective January 1, 2015)

  • Minimum rate: .0024 or $16.80 per employee
  • Maximum rate: .0540 or $378.00 per employee

(The 2015 rate is based on annual salary up to $7,000 per employee.)

Florida's 2015 Minimum Wage

Effective January 1, 2015, Florida’s minimum wage will increase from $7.93 to $8.05, with a minimum wage of at least $5.03 per hour for tipped employees.

The minimum wage rate is recalculated yearly based on the percentage increase in the federal Consumer Price Index for Urban Wage Earners and Clerical Workers in the South Region for the 12-month period prior to September 1, 2013. 

On November 2, 2004, Florida voters approved a constitutional amendment which created Florida’s minimum wage.  The minimum wage applies to all employees in the state who are covered by the federal minimum wage.

Florida Statutes require employers who must pay their employees the Florida minimum wage to post a minimum wage notice in a conspicuous and accessible place in each establishment where these employees work. This poster requirement is in addition to the federal requirement to post a notice of the federal minimum wage.

Published: 01/21/2015

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