Salary Exempt Minimum Wage 2024
Salary Exempt Minimum Wage 2024. This fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by section 13(a)(1) of the flsa as defined by. — the new minimum salaries took effect on july 1, 2024.
1, 2025, that salary threshold would increase. The department’s regulations require executive, administrative, and professional (eap) employees to be paid at least a minimum salary amount to be exempt from the fair labor.