Ballpark — October 12, 2026

Answers to that day's 5 daily estimation questions.

U.S. federal minimum wage in 1950

0.75 USD

The increase took effect on January 25, 1950.

Price to mail a one-ounce U.S. letter in 1968

0.06 USD

That six-cent rate remained in effect until May 1971.

Launch price of the original 4GB iPhone in 2007

499 USD

The 8GB model launched at $599.

FDIC deposit-insurance limit when coverage began in 1934

2,500 USD

The limit rose to $5,000 later that same year.

U.S. federal corporate income-tax rate

21%

State corporate taxes may apply on top of the federal rate.