As of 2018, the federal minimum wage in the United States was $7.25 per hour. The Federal
Question:
As of 2018, the federal minimum wage in the United States was $7.25 per hour. The Federal minimum wage is only binding in 21 states, because the other 29 states have state minimum wages that are above the federal minimum wage. Why might it make sense for some states or cities to have a higher minimum wage compared to others?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The decision for some states or cities to have a higher minimum wage compared to the federal minimum wage can be influenced by various economic social ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Review Questions: 1. What is the theory on which Rockwell hardness testing is based? 2. What is the purpose of the minor load in Rockwell hardness testing? 3. What are the advantages of the Rockwell...
-
The following information is extracted from the accounting records of the Tara Corporation: May 1 Received a $6,000, 12%, 90-day note from V. Leigh, a customer. May 6 Received a $9,000, 10%, 120-day...
-
Windy Corporation, which uses the allowance method, has accounts receivable of $50,800 and an allowance for uncollectible accounts of $9,800. An account receivable from Tom Novak of $4,400 is deemed...
-
What are the different types of schemes associated with complex frauds?
-
The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day...
-
3. Katelyn's financial manager invested her savings in a portfolio of shares that comprised of investments of $2000, $1800, and $3100 in the infrastructure, high- tech, and garment industries,...
-
Companies that engage in workplace discrimination are likely to have lower profits when they compete against other firms that do not discriminate. Evaluate this statement and briefly explain your...
-
When researchers estimate gender discrimination in the labor market, they take account of many observable factors that are thought to impact wages. For example, they may adjust wages because of...
-
Consider the Chord circle of Fig. 7-71. Suppose that node 18 suddenly goes online. Which of the finger tables shown in the figure are affected? how? Figure 7-71 of successor 4 31 (30 29 Start Actual...
-
The market value of the bond portfolio of a French investment fund is 75 million. The duration of the portfolio is 8.17. Based on the analysis provided by the in-house economists, the portfolio...
-
The state budget director has asked you to create a ten-year medical care cost inflation index to use in evaluating certain items in the state budget. She has been asked to use a base year of 2013....
-
Assume CAPM holds and use the following information: Portfolio A has E(r) of 18% and of 2.5 Portfolio B has E(r) of 12% and of 1.2 Find the expected return on a portfolio with a of 1.5
-
An entrepreneur first started his business with $100,000. Later, a venture capitalist (VC) agrees to invest $300,000 to sustain the growth. In return, this VC will take up a 50% equity position in...
-
Beth is 59 years old and has a balance of $850000 in her accumulation fund. She has a $250000 tax-free component and a $600000 taxable component (taxed element). Beth satisfies a condition of release...
-
The corrosive effects of various soils on coated and uncoated steel pipe was tested by using a dependent sampling plan. The data collected are summarized below, where d is the amount of corrosion on...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
You have $500 to invest in the stock market and are considering buying shares in Walmart and Target, both of which are trading at $50 per share. Analysts believe theres a 50% chance of the economy...
-
You have $500 to invest in the stock market and are considering buying shares in Walmart and Target, both of which are trading at $50 per share. Analysts believe theres a 50% chance of the economy...
-
There were about 126 million households and 383,974 residential fires in the United States in 2017. Therefore, households faced a 0.30% chance of a fire in a year. You are looking at purchasing...
-
Solve the following quadratic-like equation. (y - 3) + 8(y - 3) - 9 = 0
-
The rational expression (4x+5)/(x + 1) has partial fractions expansion Ax+B+ C x+1 What is the exact value of C? This answer will be an integer. Enter the exact value of the integer.
-
Solve the equation. 20+16=-4(8x-9)
Study smarter with the SolutionInn App