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[DOC File]FAIR LABOR STANDARDS ACT
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A - SUMMARY OF THE FAIR LABOR STANDARDS ACT: 1. INTRODUCTION. The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, record keeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.
flsa exempt minimum salary 2019

[DOCX File]www.maine.gov
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As of January 1, 2019, the new minimum salary requirement is $634.62 per week. State law requires that overtime-exempt employees be paid an annual salary that "exceeds 3,000 times the State's minimum hourly wage or the annualized rate established by the United States Department of Labor under the federal FLSA, whichever is higher" (26 MRS Sec ...
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[DOC File]usapayroll.com
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The proposal was to increase the minimum salary to $970 per week. The final rule, released on May 18th, and effective December 1st, 2016, increased the minimum salary to $913 per week, or $47,476 annually. [Company] has reviewed your position with these legal rule changes in mind and has elected to reclassify the position as non-exempt.
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[DOCX File]library.cbfnc.org
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2) What is the new minimum salary threshold for exempt employees? The 2019 regulation changes the minimum salary level to $684 per week or about an annual salary of $35,568 effective January 1, 2020. (The prior minimum level was $455 per week).
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[DOCX File]IRS Releases 2019 Standard Mileage Rates
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IRS Releases 2019 . Pension Plan Limits: Highlights of Changes for 2019. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
federal minimum salary exempt 2018

[DOCX File]northriskpartners.com
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As an exempt employee, you are currently exempt from being paid overtime under the federal Fair Labor Standards Act (FLSA), due to both your job duties and the amount of salary you are paid. The U.S. Department of Labor has recently amended the FLSA regulations, significantly increasing the minimum salary requirement for exempt employees ...
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[DOC File]What exactly does exempt and non-exempt mean
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How your employees are paid—hourly or salary—does not determine their status as exempt or non-exempt. Please contact the United States Department of Labor if you have questions concerning exempt vs. non-exempt employees (see below). For . non-exempt. employees, an employer . MUST: Pay at least minimum wage.
2019 salary exempt threshold

[DOCX File]www.arml.org
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Note: The federal minimum wage for covered, non-exempt employees is $7.25 per hour. However, states are entitled to set a higher minimum wage. Accordingly, the higher Arkansas wage rates are applicable. 2.Overtime or compensatory time must be paid at time and one-half of the employee’s regularly hourly rate (29 U.S.C. § 207(a)(1)).
flsa exempt minimum salary 2018

[DOCX File]Microsoft Word - FLSA Frequently Asked Questions for …
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Pay for part-time appointments will not be pro-rated. An employee with a .75 appointment with a fulltime rate of $45,000 (above the minimum salary threshold) is paid $33,750. $33,750 is below the new minimum salary threshold, and therefore, the employee will be nonexempt.
flsa exempt minimum salary 2019

[DOC File]CCR Template
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5 This salary requirement of minimum wage for all hours work applied under Minimum Wage Order #35 (2019) and prior Minimum Wage Orders. 2.5.2 Exemption for Certain Professionals Exempt from the Salary Requirement under Federal Wage Law.
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Federal minimum salary exempt 2019