The gross estate for federal estate tax purposes often includes more property than that included in the probate estate under the property laws of the state in which the decedent lived at the time of death.
The falling minimum wage has led to poverty and inequality. Today, at the federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year yields an annual income of only $15,080. As shown in the figure, this is below the federal poverty line for families of two or more.f the federal minimum wage were raised to $10.10 per hour, as Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.) have proposed (depicted by the dotted line), it would bring a minimum-wage income back above the poverty line for a family of three.
If you make $20 an hour and work 37.5 hours per week, your annual salary is $20 x 37.5 x 52, or $39,000. If you'd like to figure out your exact hourly wage from your annual salary, you again need to figure out how many hours a week you work. The average, full-time, salaried employee works 40 hours a week.f you make $25 an hour, you make about $50,000 a year. You can also figure out your approximate hourly salary if you know your annual salary. Divide your annual salary in half and drop the thousand. If you make $60,000 a year, your hourly salary is approximately $30 an hour.