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Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
As of August 2022, 30 states had a minimum wage higher than the federal minimum. Washington, D.C. has the highest minimum wage at $16.50 per hour. The minimum wage in New Jersey is $14.13 an hour as of January 1, 2023, but will be raised a dollar a year until 2024 when it will be $15. Massachusetts's minimum wage is $15.00 per hour.
There is no official state minimum wage in Louisiana, so the federal minimum wage of $7.25 is the default standard. Tipped workers make the federal tipped minimum wage, $2.13. ... Massachusetts: $15.
The federal minimum wage in the US hasn’t changed from the hourly rate of $7.25 in over 14 years. But 22 states and 40 cities increased their own minimum wages to ring in the New Year.
The minimum wage is a legally set minimum amount that employers must pay their employees to be within the law. While most states have their own state minimum wage, in states that have not set one,...
The Fair Minimum Wage Act of 2007 is the current federal minimum wage law of the United States. It was signed into law on May 25, 2007 [130] as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 .
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, or £8.91 (for ...
Although the federal minimum wage will remain the same, workers across 25 states will receive more money in their paychecks this year thanks to an increase in their state's minimum wage. See:...
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