1 If your health insurance premiums are paid entirely by your employer or the government, you cannot deduct the cost. 2  If you have health insurance through your employer and your share of the premium is deducted from your paycheck pre-tax, you cannot deduct the cost because the premiums were tax-free already.
For example, an employee earning minimum wage and working a full 40 hours per week currently takes home a gross pay of $290 per week. In theory, a $1.75 minimum-wage hike would increase that employeeâs gross pay to $360 per week. However, thatâs only if that employee continues to work 40 hours per week, a scenario that will become increasingly less realistic under Obamacare, which gives employers a huge incentive to cut worker hours.
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.. [ Back to Top ].hat if the payday is not weekly? The employee must receive the full salary of at least $455 per week if paid on a weekly basis. If the employee is paid every two weeks (bi-weekly), the minimum salary required is $910.00. If the employee is paid twice a month (semi-monthly), the minimum salary required is $985.83.