1 If your health insurance premiums are paid entirely by your employer or the government, you cannot deduct the cost. 2  If you have health insurance through your employer and your share of the premium is deducted from your paycheck pre-tax, you cannot deduct the cost because the premiums were tax-free already.
For example, an employee earning minimum wage and working a full 40 hours per week currently takes home a gross pay of $290 per week. In theory, a $1.75 minimum-wage hike would increase that employeeâs gross pay to $360 per week. However, thatâs only if that employee continues to work 40 hours per week, a scenario that will become increasingly less realistic under Obamacare, which gives employers a huge incentive to cut worker hours.
She said the pay increase would help the company âremain competitive on wages in US markets.â. The retailerâs announcement comes a week after Walmart said it would boost minimum pay for 500,000 employees nationwide to $9 an hour by April and $10 an hour by February 2016.Clothing retailer Gap raised its minimum hourly wage to $9 last year and plans to boost it to $10 this year.Ikea, the Swedish furniture store chain, this year raised the minimum wage at its US locations to $10.76 a month.lothing retailer Gap raised its minimum hourly wage to $9 last year and plans to boost it to $10 this year. Ikea, the Swedish furniture store chain, this year raised the minimum wage at its US locations to $10.76 a month.