Difference Between Debt & Liabilities by Cam Merritt; Updated September 26, 2017 In the shorthand language of business, the terms debt and liabilities get thrown around as if they're the same thing.
Posted on April 07, 2016. As you have probably heard, the Department of Labor is planning to dramatically raise the minimum salary requirement for employees to qualify as exempt under the âWhite Collar Exemptions.â As we learned on May 18, 2016, the new minimum is $47,476, which could impact nearly five million employees.
To increase the current exempt salary level from $455 per week ($23,660 annually) to $970 per week ($50,440 annually), which is expected to be the 40 th percentile of weekly earnings in 2016 when the new regulations are anticipated to go into effect. To increase the exemption threshold for highly compensated employees (a special rule for highly paid employees who perform office or non-manual work and customarily and regularly perform at least one of the duties of an exempt executive ...