# Minimum wage

> Minimum wage — The lowest hourly rate an employer may pay a non-exempt employee — $7.25 federally since July 24, 2009. A higher state or city minimum still applies; the FLSA excuses no one from it.

Source: https://lopifi.com/glossary/minimum-wage
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is minimum wage?** In accounting, minimum wage means the lowest hourly rate an employer may pay a non-exempt employee — $7.25 federally since July 24, 2009. A higher state or city minimum still applies; the FLSA excuses no one from it.

## Words this system refuses for it

- living wage

- **Category:** Payroll
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** non-exempt-employee, exempt-employee