Which act sets the minimum wage, and what is the current wage rate? a. The Self-Employment Contributions Act sets the minimum wage and the current minimum wage rate is $9.19 per hour. b. The Fair Labor Standard Act sets the minimum wage and the current minimum wage rate is $7.25 per hour. c. The Federal Unemployment Tax Act sets the minimum wage and the current minimum wage rate is $7.25 per hour. d. The Civil Rights Act of 1964 sets the minimum wage and the current minimum wage rate is $7.50 per hour. e. None of these choices are correct