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The increase was part of a scheduled hike stemming from a 2019 bill signed by New Jersey Gov ... The minimum hourly wage for these employees will increase to $14.53 on Jan. 1, up from $13.73 ...
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.
Termini breaks it down: “That means a person who expects to make $175,000 in 2025 would be subject to an additional $396.80 in Social Security withholding (for the whole year, not per paycheck).”
If your first paycheck of 2025 falls on Friday, Jan. 10, you will receive three paychecks in May: May 2, May 16 and May 30 − and October: Oct. 3, Oct. 17 and Oct. 31.
The minimum wage for tipped-employees increased to $4.45 per hour as of July 1, 2019; $5.00 per hour as of July 1, 2020; and $5.05 per hour as of July 1, 2021. [320] On June 19, 2018, Initiative 77 passed, increasing the tipped minimum wage to match the standard minimum wage by 2026.
On November 3, 2020, 61% of Florida voters passed Amendment 2, which raises the minimum wage to $10.00 per hour effective September 30, 2021, and then increases it annually by $1.00 per hour until the minimum wage reaches $15.00 per hour in 2026 and then reverts to being adjusted annually for inflation.
Since the Tax Cut and Jobs Act of 2017, however, the IRS did away with that process for a simplified version (through 2025). Other common taxes you may see taken from your check include:
Raise the Wage Act H.R. 582: January 16, 2019 Bobby Scott (D-VA) 205 Passed the House S. 150: January 16, 2019 Bernie Sanders (D-VT) 32 Died in committee 117th Congress: Raise the Wage Act of 2021 H.R. 603: January 28, 2021 Bobby Scott (D-VA) 202 Died in committee S. 53: January 26, 2021 Bernie Sanders (D-VT) 37 Died in committee 118th Congress