If a business subtracts its liabilities from its assets, the difference is its owner's or stockholders' equity. This relationship can be expressed as assets - liabilities = owner's equity. However, in most cases, this equation is commonly presented as liabilities + equity = assets. What is the Difference Between an Expense and a Liability? An expense is the cost of operations that a company incurs to generate revenue. Unlike assets and liabilities, expenses are related to revenue, and both are listed on a company's income statement.
Minimum Salary for California Computer Professional Overtime Exemption becomes $90,790.07 for 2018 Posted on October 26, 2017 October 26, 2017 by Michael Lore Employers benefit from being able to classify certain workers as exempt âcomputer professionals.â
Californiaâs minimum wage increase to $9 per hour is the first increase since Jan. 1, 2008, when the minimum wage reached $8 per hour. California employers are advised to review the compensation and benefits of their hourly and exempt employees and work with legal counsel to ensure compliance with the new rate.owever, because the minimum wage is increasing, the corresponding minimum salary for any exempt employee under the exemptions increases as well: New Rates â Effective July 1, 2014. Old Rates. $9 x 40 hours x 52 weeks x 2. $8 x 40 hours x 52 weeks x 2. Annually. $37,440.