Colorado Minimum Wage 2024 Tipped Employees. Colorado's normal state minimum wage rate is $14.42 per hour. The colorado minimum wage is set to increase from $13.65 to $14.42 on january 1, 2024, which is $7.17 higher than the federal minimum wage.
Employers are responsible for verifying that their tipped staff earns at least the standard minimum wage of $11.10, combining the tipped minimum wage and any earned tips. Salary minimum wage 2024 colorado usa.
Some States Set Subminimum Rates For Minors And/Or Students Or Exempt Them From Coverage, Or Have A Training Wage For New Hires.
(2024) signatures have been submitted and are pending verification for 27 initiatives in arizona, arkansas, colorado, missouri, montana, nebraska, north dakota, oklahoma, oregon, washington, and washington,.
In 2023, The Minimum Wage For Tipped Employees Was $10.63 And Is Rising To $11.40 In January 2024.
Colorado labor law allows tipped employees to be paid a lower cash wage than the standard colorado minimum wage by their employers, as up to $3.02 in tips earned per hour can be deducted from their wage as a tip credit.
The 2024 Colorado State Minimum Wage Will Be $13.65 Per Hour, With A Tipped Employee Minimum Wage Of $10.63.
Some local governments set minimum wage rates higher than their respective state minimum wage.
Colorado Minimum Wage 2024 For Tipped Employees Pippy Brittney, The Statewide Minimum Wage For Colorado — Currently $13.65 — Will Increase On January 1, 2024, In.
In addition, the 2024 minimum salary requirement for exempt workers in colorado is $55,000 ($1,054.79/workweek).