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The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [77] [5] By 1950 the minimum wage had risen to 75¢ per hour. [82] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
There is no official state minimum wage in Louisiana, so the federal minimum wage of $7.25 is the default standard. ... Related: Strange But True Tax Laws From All 50 States. StevenGaertner ...
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £11.44 ...
The federal minimum wage is currently $7.25, and it's been at that level since July 2009. While the minimum wage has remained the same on the federal level for over a decade, a number of states ...
An adult working full-time at the federal minimum wage earns $58 for an eight-hour workday. That’s $290 for a 40-hour workweek, or about $1,160 per month — before taxes.
Withholding of tax on wages includes income tax, social security and medicare, and a few taxes in some states. Certain minimum amounts of wage income are not subject to income tax withholding. Wage withholding is based on wages actually paid and employee declarations on federal and state Forms W-4. Social Security tax withholding terminates ...
The state had set a minimum wage of $10.85 for larger employers and one of $8.85 for small employers, employees under the age of 18 and those in the US under a J-1 visa, which is for exchange ...
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