The final rule from the Department of Labor on the expanded overtime requirement had been set to be effective today. More specifically, the threshold of the salary at which an employee is treated as exempt from overtime was schedule to rise to $913/week ($47,476/year), up from $455/week. However, a federal judge issued a nationwide injunction on the grounds that the income threshold should be set by Congress and not by the Administration.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
Footer
