PayPlus Tax Update Release

Published on Wednesday, June 01, 2011

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PayPlus Tax Update Release June 1, 2011
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Tax Update Summary

* The Florida minimum wage will increase from $7.25 to $7.31 per hour effective June 1, 2011. The minimum wage applies to all employees in the state who are covered by the federal minimum wage (State of Florida Agency for Workforce Innovation, Notice, May 3, 2011,http://www.floridajobs.org/minimumwage/index.htm ; National Employment Law Project Press Release, May 3, 2011, http://www.nelp.org/page/-/Justice/2011/FloridaMinimumWageLawsuitPressRelease.pdf?nocdn=1 ).

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* North Dakota has issued revised withholding tables due the recent changes in the income tax rates, retroactively effective to January 1, 2011. The supplemental wage rate is now 2.82%. 
According to the state, although the lower rates are in effect for the entire year, there is no need to try to adjust the state withholding to counteract several months of applying the higher rates. Employers are advised to use the tables going forward as they calculate their payroll. 
(2011 Income Tax Withholding Rates & Instructions Paid in 2011; http://www.nd.gov/tax/ .)

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Thank you,

The PayPlus Software Team

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