Flsa Salary Threshold 2024 By State. According to the national college attainment network (ncan), only 58.6% of the high school class of 2022 filed a fafsa. Again, this means that employees earning less than the annual salary threshold will be subject to the flsa’s minimum wage and overtime regulations.
Six months later, the minimum salary. $684 per week (equivalent to a $35,568 annual salary) $844 per week (equivalent to a $43,888 annual salary) $1,128 per week (equivalent to a $58,656 annual salary)
It Will Then Increase To $58,656 On Jan.
Starting july 1, the threshold will increase from $35,568 to $43,888 per year.
The July 1 Increase Updates The Present Annual Salary Threshold Of $35,568 Based On The Methodology Used By The Prior Administration In The 2019 Overtime Rule Update.
$1,128 per week ($58,656 annually) $151,164 annually.
On April 24, 2024, The Us Department Of Labor (Dol) Announced The Highly Anticipated Revisions To The Salary Thresholds For The Fair Labor Standards Act’s (Flsa’s) “White Collar” Overtime Exemptions.
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Effective July 1, 2024, The Standard Salary Threshold Will Increase From $684 Per Week — $1,368 Biweekly/$35,568 Per Year — To $844 Per Week — $1,688 Biweekly/$43,888 Per Year.
This will take effect july 1, 2024.
The List Includes Some Special Districts In States But Does Not Include All Of Said Districts.
The new overtime rule increases the flsa salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week).
$684 Per Week (Equivalent To A $35,568 Annual Salary) $844 Per Week (Equivalent To A $43,888 Annual Salary) $1,128 Per Week (Equivalent To A $58,656 Annual Salary)