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Federal minimum wage requirements were initiated in 1938 as part of:
Tax Deduction
An allowable reduction from gross income that decreases taxable income and reduces the amount of tax owed.
Married Taxpayers
Couples legally married who can choose to file joint or separate tax returns, which can affect their tax liabilities and benefits.
Tax Liability
The total amount of tax owed to a taxing authority based on the taxable income of an individual or corporation.
Taxable Income
The amount of income used to calculate an individual's or a company's income tax due, determined by subtracting deductions and exemptions from total income.
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