Washington State Minimum Wage 2024 Exempt. Effective january 1, 2023, employees must earn $65,478.40 annually ($5,456.55 monthly) to be exempt from overtime, regardless of duties and responsibilities. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
The new state minimum wage for 2024 is $16.28 an hour. Minimum wage rates for 2024:
The State’s Minimum Wage Will Increase To $16.28 Per Hour.
Overtime exempt workers must be paid at twice the annual minimum wage rate, regardless of employer size.
The Washington State Minimum Wage Rate For Nonexempt Employees Sixteen Years Of Age And Older Will Increase 3.4 Percent Over The 2023 Rate To $16.28 Per Hour In 2024.
You must be aware that this rate is the baseline for employee compensation.
Washington State Minimum Wage 2024 Exempt Images References :
Representatives And The President, Missourians Will Also See Questions On Both Ballots That Could Change State Laws — And.
The 2024 threshold for employers is 2 times the minimum wage.
Beginning On January 1, 2024, The Minimum Wage In Washington Will Go Up To $16.28 Per Hour, Up 3.4% From 2023 And The Highest Statewide Minimum Wage In The Country.
Tumwater — washington’s minimum wage is going up to $16.28 an hour next year, a 3.4 percent increase over 2023.