The table below displays the Unadjusted Federal Minimum Wage and Adjusted Federal Minimum Wage in
Constant 2020 Dollars for select years.
Year
1985
1990
2000
2010
2020
Unadjusted Federal Minimum Wage
$3.35
$3.80
$5.15
$7.25
$7.25
Adjusted federal minimum wage in constant 2020 dollars
$8.19
$7.69
$7.87
$8.63
$7.25
Use the values in the table above to interpolate/extrapolate (whichever is appropriate) the value of
minimum wage in adjusted 2020 dollars for each the years requested. Round intermediate values to three
decimal places if needed. Round the final answer to two decimal places.
a. Predict adjusted wages in (d) 2003