1 If your health insurance premiums are paid entirely by your employer or the government, you cannot deduct the cost. 2  If you have health insurance through your employer and your share of the premium is deducted from your paycheck pre-tax, you cannot deduct the cost because the premiums were tax-free already.
For example, an employee earning minimum wage and working a full 40 hours per week currently takes home a gross pay of $290 per week. In theory, a $1.75 minimum-wage hike would increase that employeeâs gross pay to $360 per week. However, thatâs only if that employee continues to work 40 hours per week, a scenario that will become increasingly less realistic under Obamacare, which gives employers a huge incentive to cut worker hours.
The U.S. Department of Labor requires that certain employers pay workers a minimum wage of $7.25 an hour and to pay time-and-a-half for hours worked in excess of 40 during a week. Minimum wage and overtime laws can result in higher average weekly wages for some workers.orkers' Compensation Insurance provides workers that become injured or ill on the job with income while disabled. The average weekly wage is a number used to determine the amount of workers' compensation benefits.