Salary Exempt Minimum Wage 2024. Gradual adjustment to minimum wages is the right approach to assist businesses, says fmm. This exemption, typically referred to as the “eap”.


Salary Exempt Minimum Wage 2024

The minimum wage increased on january 1, 2024 to $16.00 per hour in new york city, westchester, and long island and to $15.00 per hour in all other counties in new york. These revisions to the fair labor standards act (flsa) will increase the minimum salary from the current amount of $35,568 to $43,888 ($844/week) starting july 1, 2024.

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