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Question about the minimum wage?
Suppose that the minimum wage is $8 (as it is in some states). Does that mean that each worker must receive $8 in cash for each hour they work, or does that mean they have to receive $8 in total benefits. Can the employer give them some benefit worth $1 an hour and pay $7 cash?
2 Answers
- falsi fiableLv 710 years agoFavorite Answer
Minimum wage is the MONEY you are paid for each hour of work, exclusive of benefits. Deductions from your paycheck include:
Federal income taxes
State income taxes
City income taxes (fairly limited)
Social Security & Medicare Taxes - 5.65%
Disability insurance
Medical benefits (employee portion)
- JudyLv 710 years ago
The $8 would be the minimum gross hourly pay, before deductions like taxes, but not including value of benefits.
