Minimum Wage, Overtime Wage, & Nonexempt Employees - Payroll
Payroll topics of minimum wage, overtime wage and the concept on nonexempt employees. The concept of minimum wage and nonexempt employees is related because nonexempt employees are those subject to minimum wage laws. In other words federal law requires minimum wage for nonexempt employees. The minimum age at the federal level is required and states can set a higher minimum wage if they choose.
Overtime waged, and nonexempt employees are related because nonexempt employees are subject to overtime pay. Overtime pay is generally time and a half. Overtime pay is usually 1.5 times regular pay or 150% of regular pay. Overtime pay is generally required for workers working over 40 hours in a week. States can add restrictions like an eight our day.
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