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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 minimum wage is a legally mandated minimum amount of money employers must pay. While most states have their minimum wage, states that have not set one, like Louisiana and Mississippi, must meet...
In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income tax calculations. Forty-one states, the District of Columbia, and many localities in the United States impose an income tax on individuals. Nine ...
The state minimum wage in Arizona increased from $13.85 per hour to $14.35 per hour on Jan. 1, 2024. Tipped employees in Arizona have a minimum wage of $11.35 per hour.
Click on states on that map to see exact minimum wage info by state. ... Arizona 14.35 Arkansas 11.00 California 16.00 Colorado ... Mississippi 7.25 Missouri 12.30
Where you live plays a major role in how much you'll pay in state income taxes. Some states, like Alaska and Florida, don't levy individual income tax at all. Others, like California and Hawaii ...
In the United States, each state is allowed to set its minimum wage independently of the federal government. Where the state and federal minimum wage differ, the higher wage prevails. As of August 2022, 30 states had a minimum wage higher than the federal minimum. [8] Washington, D.C. has the highest minimum wage at $17.50 per hour. [1]
Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...