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The Tax Corner - June 2015

By Nancy Espinoza, Tax Manager Los Angeles Mayor Approves Minimum Wage Increase Los Angeles has approved a phased-in minimum wage increase to $15 per hour over the next five years. The minimum wage will increase to $10.50 on July 1, 2016. Annual increases will follow to $12, $13.25, $14.25, and $15. Employers with fewer than 25 employees will have an additional year to implement the increases. Several other cities have already set in place minimum wage increases: the San Diego minimum wage rate ...
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