Friday, July 14, 2006
NC General Assembly Increases Minimum Wage
The North Carolina General Assembly approved a $1 per hour increase in the state's minimum wage, effective January 1 2007.
This brings to twenty three the number of states that now have minimum wage rates that are in excess of the Federal Minimum Wage, set at $5.15 in 1997. Employers are obligated to pay the greater of the Federal and state rates in effect.
There have been recent Federal proposals to increase the Federal Minimum Wage, although none have passed both the House and Senate. Many states are considering taking action similar to Pennsylvania's and North Carolina's to raise the minimum wage in their jurisdictions. There is currently a proposal in Ohio under consideration. Ohio's effort is a grass roots one. Failing to get the state legislature to take action, supporters are gathering signatures to place the question of the minimum wage on the November ballot.
HomeWork Solution's Free Tax Calculators are available to help employers craft compliant work agreements and compute payroll withholdings.
This brings to twenty three the number of states that now have minimum wage rates that are in excess of the Federal Minimum Wage, set at $5.15 in 1997. Employers are obligated to pay the greater of the Federal and state rates in effect.
There have been recent Federal proposals to increase the Federal Minimum Wage, although none have passed both the House and Senate. Many states are considering taking action similar to Pennsylvania's and North Carolina's to raise the minimum wage in their jurisdictions. There is currently a proposal in Ohio under consideration. Ohio's effort is a grass roots one. Failing to get the state legislature to take action, supporters are gathering signatures to place the question of the minimum wage on the November ballot.
HomeWork Solution's Free Tax Calculators are available to help employers craft compliant work agreements and compute payroll withholdings.
