What is the federal minimum wage?

Under the Fair Labor and Standards Act (FLSA), the current federal minimum wage, as of July 24, 2009, is $7.25 per hour.

Make sure to keep up on changes to the minimum wage by visiting this federal Department of Labor webpage.

This article provides general information and shouldn’t be construed as tax advice. Since tax rules may change over time and can vary by location and industry, please consult a CPA or tax advisor for advice specific to your business.