Understanding Exempt Employees Overtime Rules: A Guide
Understanding Exempt Employees Overtime Rules: A Guide
Apr 10, 2023
cgaa.org
Let’s talk about how overtime rules change when you’re an exempt employee. . . #salary #financialfreedom #financialliteracy #financialeducation #adulting #workmemes #attorneyryan | Attorney Ryan
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Let’s talk about how overtime rules change when you’re an exempt employee. . . #salary #financialfreedom #financialliteracy #financialeducation #adulting #workmemes #attorneyryan | Attorney Ryan
16.4K viewsApr 22, 2024
FacebookAttorney Ryan
If an employee's salary is based on 45 hours per week and an employee works more than that, do we owe the employee more for the extra hours?
If an employee's salary is based on 45 hours per week and an employee works more than that, do we owe the employee more for the extra hours?
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YouTubeMorse
Wondering who actually qualifies for the new no-tax overtime deduction? Here’s the breakdown. You must be an hourly, non-exempt employee who earns overtime based on FLSA rules — meaning overtime only counts for hours worked over 40 hours a week and paid at least time-and-a-half. You can deduct the premium portion of your OT (the extra 0.5 or 1.0 for double time), but the deduction is capped at 20% of your wages and phases out around $120k for single filers and $200k for married filing jointly. U
2:08
Wondering who actually qualifies for the new no-tax overtime deduction? Here’s the breakdown. You must be an hourly, non-exempt employee who earns overtime based on FLSA rules — meaning overtime only counts for hours worked over 40 hours a week and paid at least time-and-a-half. You can deduct the premium portion of your OT (the extra 0.5 or 1.0 for double time), but the deduction is capped at 20% of your wages and phases out around $120k for single filers and $200k for married filing jointly. U
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