October 16, 2024

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Salary Exempt Minimum Wage 2024

Salary Exempt Minimum Wage 2024. The july 1 increase updates the present. Effective july 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on jan.


Salary Exempt Minimum Wage 2024

The exempt salary increases to $844/week ($43,888 annually). The final rule updates and revises the regulations issued under section 13 (a) (1) of the fair labor standards act implementing the exemption from minimum wage and overtime pay requirements for executive, administrative, and professional.

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