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The United States federal government requires a wage of at least $2.13 per hour be paid to employees who receive at least $30 per month in tips. [4] If wages and tips do not equal the federal minimum wage of $7.25 per hour during any week, the employer is required to increase cash wages to compensate. [5]
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.
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [ 78 ] [ 7 ] By 1950 the minimum wage had risen to 75¢ per hour. [ 82 ] [ 7 ] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
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 ...
In 2004, 15% of the working population received the minimum wage. In July 2006, the minimum wage in France was set at €8.27 per hour. In July 2008 it was set at €8.71 per hour. [38] An increase of 1.3% on 1 July 2009 brought the hourly rate to €8.82. In 2010, the minimum wage was increased by 0.5% to €8.86 per hour. [39]
The bill would have amended the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period. [75] The bill was strongly supported by President Barack Obama and many of the Democratic senators, but strongly opposed by Republicans in the Senate and House.
£8.70 stg per hour (US$11.60) for those aged 18+ £8.25 per hour (US$11.00) for those aged 17–18. [99] 1 Jan 2021 Guinea: The labor code allows the government to set a minimum hourly wage; however, the government has not exercised this provision except for setting the minimum wage for domestic workers at FG 440,000 (US$62) per month. [10] 48 ...
The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).