Minimum Wage Boost: Beginning January 1, 2025, California’s minimum wage will be $16.50 per hour for all employers. This is the wage base at the state level, localities might impose their own wage base. Small Increase: This new rate will be $16.50, up by just half a dollar from the previous rate. Inflation Adjustment: The … Read more
Minimum Wage: Effective January 1, 2025, Arizona’s minimum wage will be $14.70 per hour. Tipped Employees: Employers may pay $3.00 less than minimum wage if tips plus wages meet minimum wage. Exemptions: Certain employees (e.g., family members, casual babysitters, government employees, small businesses under $500,000) are exempt. Information: For more details, visit https://www.azica.gov/ or call … Read more
California 2025 Unemployment Insurance (UI) Rate: New employers start with a 3.4% unemployment insurance rate for 2-3 years. In 2025, the Schedule F+ rate ranges from 1.5% to 6.2%, with a $7,000 wage limit. California 2025 ETT Rate:The ETT rate for 2025 is 0.1 percent. The ETT taxable wage limit is $7,000 per employee per … Read more
The IRS has reminded taxpayers that during the open enrollment period for flexible spending arrangements (FSAs), they can use tax-free dollars for medical expenses not covered by other health plans. For the 2025 plan year, employees can contribute up to $3,300 through payroll deductions, which are exempt from federal income tax, Social Security tax, and … Read more
This post is dedicated to Payroll Mate and W2 Mate Alabama users who are required to report exempt overtime wages on form W-2. The Alabama Department of Revenue proposes that exempt overtime wages be reported in Box 14 of employees Form W-2 using “EX OT WAGES” as the indicator: for example, EX OT WAGES- $15,250. … Read more