Question

In September 2019, the Department of Labor issued a final rule that revised the regulation to raise the salary thresholds for exempt employees. This rule is scheduled to go into effect on January 1, 2020.

What is the exempt salary threshold as of January 1, 2020?
$684 per week (equivalent to $35,568 per year)
$695 per week (equivalent to $36,140 per year)
$661 per week (equivalent to $34,372 per year)

Answer 1

As of January 1, 2020, the exempt salary threshold specified by the Department of Labor is $684 per week, equaling $35,568 annually.

Step-by-step explanation:

The exempt salary threshold for exempt employees, as of January 1, 2020, is $684 per week, which is equivalent to $35,568 per year. This change was part of the final rule issued by the United States Department of Labor in September 2019, and it represents a significant increase from previous levels.

The rule was designed to expand overtime eligibility to additional workers and includes a higher threshold for highly compensated employees as well.