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August 7, 2024

Accounting Minimum Wage & Overtime Pay Requirements

Effective January 1, 2020, there were some changes to the minimum earning amounts to determine if an employee is exempt from overtime pay. Please read the articles below.

FLSA Overtime Rule Resources

Fact Sheet #17A

For your initial post:

Define exempt employees, non-exempt employees, statutory employees, and independent contractors. Give at least one specific example of each.

How does FLSA affect each group of workers?

After reading the above articles and your textbook as well as conducting your own research, explain how this new law would have affected salaried employees and their employers. Use specific examples of how employees and employers would have been impacted.

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