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
Often, California law is more generous to employees than federal law. (See, e.g., the federal salary requirement of $455 per week versus Californiaâs salary requirement of $640 per week.) So compliance with Californiaâs labor laws will often meet all of the requirements of federal labor laws as well.ull time employment in this context means the rate that the employee would make if they worked a full 40 hours per week. Currently, the minimum wage is set at $8.00/hour. So, the minimum salary for an exempt employee must be about $640 per week (or around $33,280 per year). Primary duties are exempt duties.