July
07

Minimum wage slated to rise to $7.25 on July 24, 2009

Posted By: Wayne Schulz    



minimum wage.jpg

On July 24, 2009 the federal minimum wage rate is slated to rise from the present $6.55 per hour to $7.25 per hour.

The rate is established by the FLSA (Fair Labor Standards Act) which establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $6.55 per hour effective July 24, 2008; and $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek.

Many states also have minimum wage laws. In cases where an employee is subject to both state and federal minimum wage laws, the employee is generally entitled to the higher minimum wage. In all instances you are advised to consult with a business advisor prior to determine what rules apply to your company.

US Department of Labor via Karen Smart at Smart e-Solutions

Update for Connecticut Employers

This just appeared in my email inbox from my friend Corrine Nadolny who represents Paychex in Connecticut:

Good Morning

Of course Connecticut’s minimum wage is higher $8.00 , waitress minimum wage is $5.52 and $7.12 for bartenders.

Hope all is well!

Corrine

Corrine Nadolny
Paychex
55 Capital Blvd., Suite 302
Rocky Hill, Ct 06067
Office (860)257-0677 Ext. 25012
Fax (866)784-5725
cnadolny@paychex.com

As always – consult your tax or accounting professional prior to taking any action. We are not in the business of providing tax advice and any information given is for general knowledge only and not with the intent of having any person rely on the information for making tax decisions. Tax rates and rules change often – be sure to check with your tax advisor prior to implementing any information you find on the Internet.

© 2009, Wayne Schulz. All rights reserved. Sage 50, Sage 100, Sage 300 and Sage 500 are registered trademarks of Sage. Have additional unanswered questions about MAS90? You may contact Schulz Consulting here.

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About

This entry was written by a Sr Consultant who has worked with Sage 100 ERP ( Formerly Sage MAS 90 and MAS 200) since 1986. He provides technical support to companies located throughout the United States on all versions of Sage 100 ERP Contact Wayne via our info request page.The views expressed on this site are solely those of the author and do not reflect the opinion or position of any other person or company. We are NOT in the business of providing tax, accounting or audit advice and you are advised to consult with your tax professional in such matters and not to rely on any information here as authoritative tax, technology or accounting advice. Information is subject to change without notice. Google+

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