Few would argue that Tulare county is in the midst of a drought disaster. The California price gouging law applies following a state of emergency or major disaster. The state prohibits the overpricing of goods and services following such events.
A salary is generally expressed as an amount paid per week, per month or per year. To qualify for exemption under the Regulations, Part 541, an employee must earn the minimum required salary of $455 per week exclusive of board, lodging or other facilities..
Under the proposed revised regulations, an exempt employee must earn at least $970 per week ($50,440 per year). The proposed revisions also would increase the minimum annual compensation requirement for highly compensated employees from $100,000 to $122,148 per year.