____ Per Hour Is the Current Federal Minimum Wage

question 2

Multiple Choice

____ per hour is the current federal minimum wage?

• A)$5.15
• B)$6.25
• C)$7.85
• D)None of the above

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Definitions:

Income Connected

Relates to earnings or revenue that is directly related to a specific source or activity, often used in legal or tax contexts.

Standard Mileage Rate

A set rate per mile set by the IRS that taxpayers can use to calculate deductions for the business use of a vehicle.

Business Deduction

Expenses incurred in the operation of a business that can be subtracted from its income to reduce the taxable income.

Vehicle Expenses

Costs associated with the operation, maintenance, and use of a vehicle for business purposes, including fuel, repairs, and insurance.