Saturday, November 8, 2008

Increase in the Federal Minimum Wage

The federal minimum wage for covered nonexempt employees is $6.55 per hour effective July 24, 2008. This is important to keep in mind when calculating child support and alimony. Many divorce litigants and their attorneys are not aware that the minimum wage increased from $5.85 to $6.55.

Effective July 24, 2009, the federal minimum wage will be $7.25 per hour.