MINIMUM WAGE
Chefsint
23 Posts
For payroll purposes, minimum wage increase effective according to pay period or pay date?
Chefsint
23 Posts
Chefsint
23 Posts
Comments
Chefsint,
The federal minimum wage is $7.25 per hour effective July 24, 2009, so any hours worked on or after 7/24 by employees who are paid minimum wage would be paid at $7.25 per hour. For instance, if the pay period runs from 7/20 through 7/26, regular time worked 7/20 - 7/23 would be paid at the earlier rate, and regular time worked 7/24-7/26 would be paid at $7.25. To make it easy to handle overtime, I would tend to pay it based on the new minimum wage.
I hope this helps.