Maine Exempt Salary Threshold 2024. The minimum salary threshold for exempting a worker from overtime pay is also based on the minimum wage. According to a news release from the maine department of labor, the state minimum wage will increase to $14.15 per hour, from $13.80, and the service labor.
The personal exemption amount is $5,000. 1, 2024, the state minimum wage will increase from $13.80 to $14.15 per hour, based on data recently made available by the.
Department Of Labor’s (Dol) Proposed Rule Increasing The Minimum Salary Required.
The proposed new rule would raise the federal salary threshold for exempt employees to $1,059 per week ($55,068 per year).
As Of January 1, 2024, The Minimum Salary Threshold For Exempting Workers From Overtime Pay In Maine Is Set At $816.35 Per Week Or $42,450.20 Per Year.
Advocates cited a study by the maine center for economic policy that found employers that broke wage and hour laws in the state paid an average penalty of just.
The Personal Exemption Amount Is $5,000.
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The Final Rule Is Expected In April, 2024.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
Starting January 1, 2022, The New Minimum Salary.
Maine’s minimum wage has increased in 2024, continuing the trend of annual adjustments based on the cost of living.
$816.35 Per Week $42,450.20 Per Year As Of January 1, 2024;