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..
For instance, if this worker makes $1,000 per week under her employment agreement, her annual salary would be $52,000 per year, as there are 52 weeks in a year. While the annual salary represents a floor for an employee's wages, gross pay can exceed that level.For instance, if an employee is paid an annual salary of $23,000 per year, but he is eligible for, and works, $5,000 worth of overtime, his gross pay will be $28,000 -- more than his salary.But while every employee who is paid earns gross pay, not every employee earns a salary.or instance, if this worker makes $1,000 per week under her employment agreement, her annual salary would be $52,000 per year, as there are 52 weeks in a year. While the annual salary represents a floor for an employee's wages, gross pay can exceed that level.