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.
1 To be exempt currently, workers must make more than $455/week ($23,660 annually). 2  The proposed rule sets the standard salary level at the 40 th percentile of weekly earnings for full-time salaried workers which for 2013 was $921 per week, or $47,892 annually.