Flsa Exempt Salary Threshold 2024 By State
Flsa Exempt Salary Threshold 2024 By State
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week. $684 per week (equivalent to $35,568 per year) $107,432 per year, including at least $684 per week paid on a salary or fee basis.
Salary threshold raises are the core components of the law update. Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas outside of new york city, westchester county, and long island.