2007-10-18 08:06:34 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If your talking FEDERAL minimum wage, it went from $5.15 to $5.85 last july, it will go up to $6.55 July 2008 and finally $7.25 in July of 2009. Now, depending on what state you are in you might have your own STATE minimum wage, you would have to check. But unfortunately, if the state minimum wage is higher than the new federal, a business can still pay the lower federal wage (due to it's small size and lower income per year.) You really have to check with your own state. Call an accountant!
2007-10-18 08:26:26 · answer #1 · answered by babidollishere 4 · 0⤊ 1⤋
Babidoll's info was good for the first couple sentences, but wrong at the end when she said that employers can pay the lower of state or federal minimum if the employer is small.
See http://en.wikipedia.org/wiki/List_of_U.S._state_minimum_wages for info by state.
2007-10-18 12:39:42 · answer #2 · answered by Judy 7 · 0⤊ 1⤋
im from california and its currently $7.50 an hour, but it is going up on january 1st, 2008 to $8 an hour. not sure about other states.
2007-10-18 08:09:51 · answer #3 · answered by sportzblock 1 · 0⤊ 0⤋
In Wisconsin it just went up to 5.85 and next july it goes up again to 6.55.
2007-10-18 08:15:12 · answer #4 · answered by Brenda 4 · 0⤊ 1⤋
Not sure of your state!
Maine went up the first of this month...
Minnesota went up in july...
Your state will really help here!
thanks
2007-10-18 08:13:57 · answer #5 · answered by Anonymous · 1⤊ 0⤋