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
And suprisingly, the DOLâs proposed rule will have an impact in California, for it significantly exceeds Californiaâs minimum salary level for exempt status: currently $720 per week, $37,440 annually, increasing on January 1, 2016 to $800 per week, $41,600 annually.esterday, the Department of Labor (DOL) announced it was proposing a new rule raising the minimum salary level to qualify for an exemption to the 40 th percentile of weekly average earnings of full time salaried employees nationwide. For 2013, this equates to $921 per week, or $47,892 per year.