Exempt positions, which are typically salaried and relatively high paying, are not subject to the minimum wage and overtime requirements outlined by the FLSA that govern hourly, non-exempt positions.

Non-exempt employees are hourly workers guaranteed a minimum wage and overtime pay of at least 1.5 times their normal, hourly rate for any hours worked over 40 per week by the FLSA. The Fair Labor ...

Taxes fund government programs and services. However, some income is tax-exempt. This means you don’t have to pay taxes on it. Check Out: What To Do If You Owe Back Taxes to the IRS But tax-exempt isn ...

In simple terms, being tax-exempt refers to income, assets, transactions, or individuals that are not required to pay certain taxes. In the U.S., most exemptions are regulated by the Internal Revenue ...

Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions. Whether ...