Flsa Exemption Test 2024. The employee’s salary must meet a minimum specified amount. Department of labor rule scheduled to take effect july 1, the minimum annual salary an employee in a “bona fide executive, administrative or professional.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week. As a result of a change in the state’s minimum wage, the minimum salary required for these exemptions under state law will increase to $938.40 per week on january 1, 2024.
Flsa Duties Test 2024 Glory Kamilah, On April 23, 2024, The Dol Published A Final Rule That Raises The Minimum Salary Threshold Of The Standard Exemption For Executive, Administrative, Professional,.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
Be Paid A Salary, Meaning That They Are Paid A Predetermined And Fixed Amount That Is Not Subject To Reduction Because Of Variations In The Quality Or Quantity Of Work Performed;
1, 2025, are exempt from the flsa’s.
Additionally, Under The “Highly Compensated Test,” Certain Employees Are Exempt From The Flsa’s Overtime Pay Requirements If They (1) Are Paid A Specified Amount In Total Annual Compensation, (2) Receive A Specified Amount Per Week, Paid On A Salary Or Fee Basis, (3) Perform Office Or Nonmanual Work, And (4) Customarily And Regularly.
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Department Of Labor Announced A Final Rule, Defining And Delimiting The Exemptions For Executive, Administrative, Professional, Outside Sales, And Computer Employees, Effective As Of July 1, 2024.
The rule increases the minimum salary threshold to $43,888 on july 1, 2024, and then to $58,656 on january 1, 2025.
However, Section 13(A)(1) Of The Flsa Provides An Exemption From Both Minimum Wage And Overtime Pay For Employees Employed As Bona Fide Executive, Administrative, Professional And Outside Sales Employees.
The employee must be paid a fixed, predetermined amount each pay period that is not subject to reduction based on the quality or quantity of work performed.