Flsa Minimum Salary. The FLSA currently states that employees with a minimum salary of at least 455 per week 23660 per year and whose duties meet one or more of the duties tests are considered exempt from eligibility for. 455 per week standard salary level and 100000 annua l compensation level for Highly Compensated Employees.
The FLSA currently states that employees with a minimum salary of at least 455 per week 23660 per year and whose duties meet one or more of the duties tests are considered exempt from eligibility for. Dec 04 2019 The FLSA salary threshold is the minimum salary employers must pay employees for them to be exempt from overtime wages. 684 per week 35568 annually on October 3 2020 note.
Many states also have minimum wage laws.
For non-exempt employees the Fair Labor Standards Act sets minimum wage rates and overtime requirements. Many states also have minimum wage laws. The minimum annual salary is 3556800 or 68400 per week. Nov 13 2019 The new threshold will go into effect on January 1 2020.
