What makes a salaried employee exempt?

In order to be classified as exempt, an employee must be paid a minimum of $23,000 per year, or $455 per week. However, that isn't the only test. There are many people who earn more than this amount and are still classified as non-exempt.

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Salary - Exempt Employee Review and Evaluation Form

90 Day Inspection Form

Name: Salary - Exempt Employee Review and Evaluation Form
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (219 reviews)

Category:

Employment - Compensation

State:

Multi-State

Control #:

US-FR-EA-3

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Instant download

Description Salary Exempt

Appraisal of exempt salaried employee for job progress & goals.

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FAQ

While they may cost a bit more, exempt employees can bring a lot of advantages to your business. Exempt employees are not regulated under the Fair Labor and Standards Act, which sets the federal requirements for overtime pay and minimum wage.

In order to be classified as exempt, an employee must be paid a minimum of $23,000 per year, or $455 per week. However, that isn't the only test. There are many people who earn more than this amount and are still classified as non-exempt.

With few exceptions, to be exempt an employee must (a) be paid at least $23,600 per year ($455 per week), and (b) be paid on a salary basis, and also (c) perform exempt job duties. These requirements are outlined in the FLSA Regulations (promulgated by the U.S. Department of Labor).

An exempt employee is an employee who does not receive overtime pay or qualify for the minimum wage.Exempt employees stand in contrast to nonexempt employees, who must be paid at least the minimum wage and overtime when they work more than the standard 40-hour workweek.

The most common roles considered exempt include professional, executive, outside sales, and administrative. On the flip side, non-exempt employees must be paid overtime -- one-and-a-half times their hourly rate, for any hours worked beyond 40 each week.

You owed no federal income tax in the prior tax year, and. You expect to owe no federal income tax in the current tax year.

An exempt employee is an employee who does not receive overtime pay or qualify for the minimum wage. Exempt employees are paid a salary rather than by the hour, and their work is executive or professional in nature.

90 Day Inspection Form

Description Salary Exempt

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