Important News

30
You may need to pay overtime to some salaried employees if their pay falls below a federal minimum amount. This amount is $684 per week (equivalent to $35,568 for a full-year worker). This pay level is effective beginning January 1, 2020. (The pre-2020 amount was $455 a week.) You may be able to use bonuses and commissions up to $10,000 to meet this requirement
IMPORTANT
Just to be clear, if you pay a salaried employee less than $684 a week or $34,468 a year, this person must receive overtime pay at the federal minimum rate of 1 1/2 times the hourly rate for all hours worked more than 40 in a workweek.

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