Colorado Minimum Wage 2024 Tipped. While the statewide minimum wage for regular employees sits at $14.42 per hour in 2024, tipped employees operate under a different system. This upcoming raise is in line with the cost of living adjustments.
Denver tip minimum wage 2024. In 2024, employers can pay employees $3.02 below the minimum hourly wage if those workers make enough in tips to reach the full minimum.
The Colorado Minimum Wage Is Applicable To All Adults And Emancipated Minors, And Is Raised Or Lowered Annually Based On Inflation.
Minors under the age of 18 may be paid.
Denver — The First Day Of 2024 In Colorado Will Usher In Several New Laws And An Increase In The Minimum Wage.
In some states, employers can claim a tip credit for these workers.
Colorado’s Minimum Wage Is Expected To Rise To $14.42 From $13.65 Effective Jan.
The state minimum wage will be $14.42 in 2024, up from $13.65 in 2023, according to colorado’s publication and yearly calculation of adjusted labor.
While The Statewide Minimum Wage For Regular Employees Sits At $14.42 Per Hour In 2024, Tipped Employees Operate Under A Different System.
Businesses are only required to pay tipped employees $2.13 per hour in direct wages under federal law, though employers have to make up the difference if those wages plus tips don’t equal the federal minimum wage.