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
Prior to recent federal law changes, employees who were classified as exempt had to. make at least $455 per week [$800 per week in California; $675 per week in New York]. However, on May 18, the Department of Labor announced that the new minimum salary. threshold will be $913 per week, or $47,476 per year.