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.
Provisions of the New FLSA Rule. The Final Rule increases the new minimum salary level required for the executive, administrative, and professional white collar exemptions from $455 a week ($23,660 per year) to $913 per week ($47,476 per year).