3 ms·
$40 a week? A full day at federal minimum wage is $58/day. FICA on that would be $8.87. That's $49/day. $49 * 7 > $40. Even if you cut that in half that's stil
by vel0city 2y ago
$40 a week? A full day at federal minimum wage is $58/day. FICA on that would be $8.87. That's $49/day. $49 * 7 > $40.
Even if you cut that in half that's still way more than $40/week.
And no, you're not paying federal income taxes on that low wage income.
- ketchupdebugger 2y ago40 a week on unemployment for low wage in CA
- vel0city 2y agoAh ok you're saying UI after a low wage job is $40/wk. Understood.
- Molitor5901 2y agoThere's also the benefit of food stamps, and housing assistance at that income level. Actual fraud may be rare. I cannot find a good study on fraud in benefits, but I don't think that detracts that safeguards should be put in place.