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Minimum wage for payroll is the lowest hourly pay rate that employers are legally required to pay their employees. This rate can vary by country, state, or municipality, and may be influenced by factors such as industry and local cost of living. In the United States, for example, the federal minimum wage is $7.25 per hour, but many states and cities have established higher minimum wages. Employers must comply with the minimum wage laws applicable to their location to ensure fair compensation for workers.

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