Tag: California minimum wage increase
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Financial Windfall for Americans in 2024: IRS Adjusts Tax Brackets, Potentially Increasing Take-Home Pay – Find Out How Much More You Could Keep
American taxpayers can expect a raise in take-home income in 2024 due to IRS tax bracket modifications. IRS Announces 5.4% Rise in Tax Brackets for 2024 The tax brackets will rise 5.4% next year, placing more people in lower categories. This January change affects federal income tax brackets and basic deductions, shielding a larger share…
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Local Workforce Experiences Immediate Impact of Minimum Wage Pay Increase
In less than a week, California’s minimum wage will rise by 50 cents to $16 per hour, and fast-food companies with 60 or more locations must pay $20 per hour by April 1, 2024. California Minimum Wage Hike Sparks Concerns of Longer Queues, Job Losses, and Price Increases Customers may face longer queues, hygiene issues,…