Rating Newest Oldest. Best Answer: A project concept is a complete documentation of the proposed project but needs to be implemented yet. The term concept means that it is under planning and processing for implementation.
The minimum wage both in NY and under federal law currently is $7.25 per hour. It will rise to $8 per hour effective December 31, 2013, $8.75 per hour effective December 31, 2014, and $9 per hour effective December 31, 2015.
A full time minimum wage worker in New York working 40 hours a week, 52 weeks a year, will earn $77.60 per day, $388.00 per week, and $20,176.00 per year1. The national poverty line for a family unit consisting of two people is $16,020.00 per year.