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.
A Quick Estimate. For a quick estimate of your annual salary, double your hourly salary and add a thousand to the end. If you make $20 an hour, you make approximately $40,000 a year. If 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.f you make $75,000 a year, your hourly wage is $75,000/2080, or $36.06. If you work 37.5 hours a week, divide your annual salary by 1,950 (37.5 x 52). At $75,000, you hourly wage is $75,000/1,950, or $38.46. If you get a commission for sales on top of a base salary, this can be more difficult to calculate.