Is there any exemption for the small business employer so I will not have to pay the Minimum Wage? July 28, 2021 20:54 The only exemption that applies is for a retail or service business whose annual gross sales made or business done is less than $500,000. Related articles What amount must an employer pay a tipped employee? Do employers have to post a Minimum Wage poster in the workplace? Can a person under the age of 18 be an independent contractor? Can an employer pay an individual under 20 years of age less than the applicable minimum wage rate? What amount must an employer pay a tipped employee for hours worked over 40 in a workweek?