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
Share this: Although it is early in 2015, this is the perfect time to start planning for the 2016 increase in the California minimum wage. California increased its minimum wage in a two-step process. The first step was effective July 1, 2014 and raised the minimum wage to $9.00 in California.The minimum wage increase also increases the minimum salary for exempt status.Both of these factors can have large financial impacts for employers and the planning should begin now as the change takes effect on January 1, 2016. The second step raises the minimum wage to $10.00 per hour effective January 1, 2016.eginning January 1, 2016 the new minimum salary required will be $41,600. It is imperative to understand and remember that paying the minimum salary alone itself will not qualify a position for exempt status, there are also duties and time spent tests that must be met.