![]() ![]() The employee must have the authority to hire or fire other employees. The employee must customarily and regularly direct the work of at least two or more other full-time employees or their equivalent and The employee's primary duty must be managing the enterprise or managing a customarily recognized department or subdivision of the enterprise The employee must be compensated on a salary basis (as defined in the regulations) at a rate not less than $455 per week To qualify for the executive employee exemption, all of the following tests must be met: Let's take a look at executive and administrative workers and how the exemption works for them. There are many requirements to be fulfilled to consider an employee as exempt one. In the U.S., exempt jobs are determined by the Fair Labor Standards Act. ![]() Once you have calculated your total pay, you can decide what to do with it – are you planning to spend it or maybe invest it? You can check out our investment calculator if you decide to invest part of your total pay. Our overtime calculator will automatically find all other values – your regular pay, overtime pay, and their sum as the total salary you will receive this month. For example, your company may pay the usual time and a half rate – the multiplier is equal to 1.5.ĭetermine the number of hours you worked overtime this month. ![]() Assuming four weeks, 40 hours each, you can enter 160 hours per month.Ĭhange the multiplier to correspond to your company's overtime policy. The next step is determining the number of hours you usually work per month. If you don't know what it is, you can use this salary to hourly calculator. Input this value into the overtime calculator. ![]()
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