by Ted
Michigan’s tax rate remains the same at 4.35% but the Personal Exemption Amount has increased to $3,600. From the michigan.gov web site. The 2009 exemption amount is $3,600 per year times the number of personal and dependency exemptions allowed under the IRC. An employee may not claim more exemptions on the MI-W4 than can be […]
Filed under: Payroll News, State News
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by Ted
Five states increased their minimum wages effective July 1, 2008. In Illinois, the state minimum wage increased from $7.50 to $7.75 per hour. Credit for tips may not exceed 40% of the applicable minimum wage. Michigan’s minimum wage also increased from $7.15 to $7.40. Tipped employees make $2.65 making the state tip credit $4.75. The […]
Filed under: Payroll News, State News
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