THE BASICS The FLSA stipulates that most employers are required to pay most employees the federal minimum wage for each hour worked, as well as overtime pay for all hours worked in excess of 40 hours in one workweek. The FLSA allows for exemptions from the overtime and minimum wage requirements for certain executive, administrative
Nervous about end-of-year bonuses, overtime, and payroll taxes?
Many employers reward and recognize high performers with a bonus, especially toward the end of the year. If you award bonuses, there are several overtime and tax rules to consider. Here’s an overview to help you as you close out the business year in 2023. Bonuses and Overtime Pay Under the Federal Fair Labor Standards
