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For large employers when the employer's annual gross revenues are $500,000 or more, the Minnesota minimum wage became $10.59 on January 1, 2023. For small employers when the employer's annual gross revenues are less than $500,000, the minimum wage became $8.63 on January 1, 2023. Overtime applies after 48 hours per week. [255]
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.
It is the expected total pay, if performance matches the expected targets. Actual pay may be higher or lower. The typical pay structure may be composed of a basic salary with an additional amount of commission , known together as a "package".
Alaska. Minimum hourly wage: $10.19 Annual income on the minimum wage: $21,195.20 Monthly rent one person can afford on minimum wage: $457.27 Average studio rent: $911 Average one-bedroom rent ...
Your salary expectations may not be in line with the specific company where you’ve applied. If it’s a big-name company, a higher salary may be in line with what other employees there make.
Annual mortgage: $9,725.52. Minimum salary needed to ... able to find the minimum salary needed to comfortably afford the home by assuming housing costs could not exceed 30% of gross income. All ...
As a reference point, the US minimum wage since 2009 has been $7.25 per hour or $15,080 for the 2080 hours in a typical work year. The minimum wage is approximately 25% over the official U.S. government-designated poverty income level for a single person unit (before taxes) and about 63% of the designated poverty level for a family of four ...
With many states increasing their minimum wage for hourly workers in 2022, workers' demands for higher pay have also increased. See: 'Return-to-Office' Was the Dirty Word in Glassdoor Reviews for...