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What is the Federal Minimum Wage?

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Definition: The current federal minimum wage is $7.25 an hour. Some states have a higher hourly minimum wage. In these locations, employees are paid the state minimum wage rate (2014).

However, employees hired for certain jobs are exempt from minimum wage and workers who receive tips can be paid at a lower hourly rate. Here's information on the minimum wage for tipped employees.

Related Articles: How Much is Minimum Wage?Federal and State Minimum Wage Rates

Also Known As: minimum wage, minimum wage requirements

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