Federal minimum wage: $7.25 $7.25 * 16 hours = $116 gross Annually: $15,080 Percentage of annual salary ($150): 1% $150 is not “a cheap price to pay” if you

Federal minimum wage: $7.25 $7.25 * 16 hours = $116 gross Annually: $15,080 Percentage of annual salary ($150): 1% $150 is not “a cheap price to pay” if you are below the poverty line.