Minimum Wage: Federal vs State
Video and Transcript: UNDER CONSTRUCTION
- The Fair Labor Standards Act give employees the right to minimum wage.
- Federal Minimum Wage: ($7.25/hour) This rate applies to covered nonexempt workers.
- If a state's minimum wage rate is lower than the federal, the federal rate is paid to the employee.
- The Federal Minimum Wage has not been updated since July 24th, 2009.
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- Make sure to check for city laws, certain cities have a higher minimum wage law than the states.
- If a state's minimum wage rate is higher than the federal, the state rate is paid to the employee. ach state has a different Minimum Wage. The hourly rates are updated every year.
- US DOL (Department of Labor) shows updated state minimum wage rates and overtime laws.
- Minimum Wage Rates: https://www.dol.gov/agencies/whd/minimum-wage/state
- You can also find each state's minimum wage rate on their individual Department of Labor website.
- Federal Tipped Minimum Wage is $2.13/hour.
- The employee must regularly receive more than $30 per month in tips.
- Each state has a different tipped hourly rate, please be sure to look this up when onboarding new employees.
How to look up the proper minimum wage
**is there a way to set iSolved to auto-update the minimum wage?