Wa State Exempt Salary 2024. Overtime exempt workers must be paid at twice the annual minimum wage rate,. For both large (more than 50 employees) and small employers the minimum will be $67,724.80 per year for most employees, which is two times the minimum wage.
1, 2024, businesses in washington must meet the state salary thresholds because they are more favorable than the federal threshold of $684 a week ($35,568 a year). The state of washington has announced increases in the minimum wage rate and the exempt salary thresholds for employees, effective january 1, 2024.
That Means An Employee Exempt From Overtime Pay Must Earn At Least $1,101.80 A Week ($57,293.60 A Year).
For employees fourteen to fifteen years old, the minimum wage will.
Beginning January 1, For All Employers In Washington, To Meet The Salary Basis Threshold For Exemption From Overtime, Employees Must Be Paid A Salary Of At Least $1,302.40 Per Week Or $67,724.80 Per.
The washington state overtime threshold for exempt jobs as of january 1, 2023 is set by state rule at 2 times the state minimum wage and will be $1,259.20 per week.
For 2024, The Threshold For Exempt Workers Is Set At At Least $1,302.40 Per Week Or $67,724.80 Per Year.
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Washingtonโs Minimum Wage Is Annually Adjusted To Inflation And Is Among The Highest State Minimum Wages In The United States.
The washington state minimum wage rate for nonexempt employees sixteen years of age and older will increase 3.4 percent over the 2023 rate to $16.28 per hour in 2024.
The Washington State Labor And Industries (L&Amp;I) Announced The Minimum Salary An Employee Must Earn To Be Exempt From Overtime.
Income from $ 16,550.01 :