The Florida Minimum Wage Act sets the baseline for fair compensation in the state. In Florida, salaried employees have the option to use the Fluctuating Workweek Method to calculate their overtime pay.The Fair Labor Standards Act (FLSA) governs wage and hour rights in Florida, requiring covered workers to be paid the minimum wage and receive overtime pay. This is money that is paid at 1.5 times a person's regular wage for any hourly work that is done in excess of 40 hours each week. This interactive tool provides a comprehensive view of what your estimated total compensation looks like as a State of Florida employee. Use Gusto's salary paycheck calculator to determine withholdings and calculate take-home pay for your salaried employees in Florida. Check out PaycheckCity. Com for Florida paycheck calculators, withholding calculators, tax calculators, payroll information, and more. Overview of Florida Taxes. Florida has no state income tax, which makes it a popular state for retirees and tax-averse workers.