Minimum Wage In Florida

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The History of OPEC And The History of Minimum Wage in Florida Gabriel Greenspan ITT Technical Institute OPEC “The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva, Switzerland, in the first five years of…show more content…
Beginning in 2005, it was one dollar more than the federal minimum wage, or $6.15. Each year Florida's Agency for Workplace Innovation recalculates the Florida minimum wage, based upon the increase in the consumer price index during the preceding 12 months. The new rate is published each October and takes effect in January of the next year. During 2007 Florida's minimum was set at $6.67 per hour. On January 1, 2008, it increased to $6.79. On January 1, 2009, another increase is scheduled to raise the rate to $7.21 per hour. Employers whose employees receive tips may credit the tips received by a tipped employee toward the minimum wage, but only up to $3.02 per hour, the amount allowed under federal law. In other words, a Florida employer must pay a tipped employee at least $3.77 per hour in addition to his or her tips during 2008, provided (a) the employee is allowed to keep all of his or her tips and the tips received are sufficient to make up the difference between the cash wage paid and the required…show more content…
If you work 40 hours a week, you will get $306.80. That’s not including the government taking social security from it. So, you take salary $306.80 times it by 6.2% (Grace, n.d.) which is the social security tax rate and you get $19.02. After that you subtract $19.02 from $306.80 and you get $287.78. References What is Florida minimum wage history? (2008, December 13). Retrieved January 15, 2012, from API's History. (2010, January 19). Retrieved January 15, 2012, from American Petroleum Institute: Annual Report. (2011). Retrieved January 15, 2012, from Organization of the Petroleum Exporting Countries: Brief History. (2012). Retrieved January 15, 2012, from Organization of the Petroleum Exporting Countries: United States Oil - consumption. (2012, January 9). Retrieved January 15, 2012, from IndexMundi: Grace, N. (n.d.). Percentage of Paycheck to Taxes. Retrieved January 15, 2012, from Ehow:

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