Salary Exempt Minimum Wage 2024


Salary Exempt Minimum Wage 2024. On august 30, 2023, the dol published a proposed rule that, if it's finalized, will increase the minimum exempt salary sometime in 2024. The july 1 increase updates the present.


Salary Exempt Minimum Wage 2024

Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.

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