Minimum Wage is the lowest hourly rate an employer can legally pay employees, set by federal or state law, currently $7.25 federally in the U.S., with some states higher.
- What is minimum wage?
Answer: It is the lowest legal hourly pay rate, $7.25 federally. - Who sets it?
Answer: It is set by federal or state governments. - Are there exceptions?
Answer: Yes, exceptions include tipped employees or trainees. - Why is it important?
Answer: It ensures a basic income standard and reduces poverty. - What role does HR play?
Answer: HR ensures compliance and adjusts payroll.
