New York Minimum Salary for Exemption and Minimum Wage to Increase on December 31Allan S Bloom
A special exemption applies to a child subject to the“kiddie tax”onunearned income. For 2024, the exemption is any amount below $2,500.7The first $1,250 is not taxed.89The next $1,250 is taxed at the child's marginal tax rate. If above this amount, the unearned income is to be ...
Executive, Administrative, or Professional Exemption Minimum Pay IncreasesUnder the FLSA, to be a bona fide executive, administrative, or professional employee, employer must compensate the individual on a salary or fee basis (only for administrative and professional employees) at a...
or program counselor of an organized camp shall be subject to a minimum wage or maximum hour order of the commission if the student employee, camp counselor, or program counselor receives a weekly salary of at least 85 percent of the minimum wage for a 40-hour week, regardless of the numbe...
Department of Labor Increases Minimum Salary Level for Exemption from Overtime RequirementsWright, Dickinson
Department of Labor Issues Final Rule on Pay - Substantially Raising Minimum Salary Threshold to Qualify for Overtime ExemptionBennett, Jo