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1 day ago · Also, because the California minimum wage increases by law every January 1, the white-collar exemption salary threshold increases every year. Interestingly, the new DOL overtime rule uses a similar methodology to the one used in a 2016 DOL final rule that aimed to increase salary thresholds for exempt employees.
3 days ago · The U.S. Department of Labor released a final rule on April 23, 2024, raising the salary threshold to qualify for certain overtime exemptions under federal law. Most importantly, it significantly raises the minimum salary threshold for certain “white collar” workers—executives, professionals, and administrative personnel. If the rule takes effect, employers will need to raise those ...
2 days ago · The U.S. Department of Labor’s two-part approach to its overtime rule—providing for one raise of the salary-threshold level on July 1 and another on Jan. 1, 2025—gives employers options for ...
3 days ago · The Department of Labor finalized a rule that would drastically expand overtime access to salaried workers. Starting July 1, 2024, the annual salary threshold under which non-exempt workers would ...
2 days ago · Maybe—but you should start considering those currently exempt employees who fall in the “danger zone” between $35,568 annually and $43,888 annually and evaluate whether you can consider a ...
4 days ago · Based on the 2021 tax year, the top 1% of California earners paid virtually half – 49.9% -- of the state personal income tax. But the top 1% paid 38.7% of the income tax in 2023.
5 days ago · The primary motive behind the California exit tax is to increase state revenue. California, known for its high cost of living and taxation levels, has seen an exodus of residents to states with ...
