This will increase on July 1, 2014 to a minimum exempt salary of $37,440 per year. By 2016, employees will need to earn at least $41,600 per year to meet the minimum salary test for exempt status. State minimum wage law will also impact the pay of commissioned inside sales employees.
USDA announces increase in the USDA guarantee or funding fee effective 10/1/2015 to 2.75%. For buyers, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because they allow first time or subsequent homebuyers to purchase a primary residence with no money down and with low monthly payments.
What is FCA? â How the FCA Is Funded. Funding for the FCA comes from fees charged to the firms or individuals that the FCA regulation covers. There are a variety of fees included that support the FCA and what the FCA stands for. Application Fee â this fee is charged when a firm or individual requests authorisation from the FCA.