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 Do employers have to post a Minimum Wage poster in the workplace? What amount must an employer pay a tipped employee? 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? If it is determined that I was not paid minimum wage rate and/or overtime rate, what steps will be taken to collect wages due me?