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U.S. Master™ Payroll Guide, 2008 Edition
Everything you need to know about payroll, from employers and their obligations, to payroll withholding and tax deposits, to payroll management and administration issues.
A number of states are set to increase their minimum wages starting July 1, 2008.
Illinois. Illinois’ legislation passed in December of 2006 (see CCH Payroll Management Guide Report Letter 1970, dated December 26, 2006) increased the minimum wage to $7.75 effective July 1, 2008. The Illinois minimum wage will increase again to $8.00 on July 1, 2009 and to $8.25 on July 1, 2010.
Kentucky. Kentucky’s minimum wage will increase to $6.55 on July 1 (see CCH Payroll Management Guide Report Letter 1231/1983, dated March 27, 2007). The rate will increase again $7.25 per hour on July 1, 2009. If the federal minimum hourly wage is increased to a rate higher than Kentucky’s the legislation provides that Kentucky’s minimum hourly wage will be increased simultaneously to the same amount.
Michigan. Michigan’s minimum wage will increase to $7.40 on July 1, 2008 (see CCH Payroll Management Guide Report Letter 1932, dated April 4, 2006).
Nevada. Nevada’s minimum wage will increase to $5.85 per hour for employees who receive qualified health benefits from their employers and to $6.85 for employees who do not receive such health benefits (see CCH Payroll Management Guide Report Letter 2038, dated April 15, 2008).
Pennsylvania. Pennsylvania’s minimum wage for employers with 10 or fewer full-time employees will increase to $7.15 on July 1, 2008. The minimum wage for all employers will increase again to $7.25 on July 1, 2009 (see CCH Payroll Management Guide Report Letter 1996, dated June 26, 2007).
West Virginia. The minimum wage in West Virginia will increase to $7.25 on July 1, 2008. (see CCH Payroll Management Guide Report Letter 1205/1933, dated April 11, 2006).
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