This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.

Remove 2023 Remove 2025 Remove Salary Remove UPS
article thumbnail

Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

MAY 28, 2024

Open-ended exemption tests for employees dictate that individuals working for salaries hardly above the national poverty line can be exempt from overtime payments so long as their employer can create responsibilities that sound administrative. The second test is the salary test, which states that an employee must meet a salary threshold.

Salary 289
Salary 2025 Expenses Promotion 289
article thumbnail

IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

SEPTEMBER 1, 2023

The saga of 401(k) catch-up contributions under SECURE 2.0 Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. is well known.

Payroll 97
Payroll UPS 2023 2025 97
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 

Stay Connected

Join 335,000+ Insiders by signing up for our newsletter

About
About
Editions
Editions
Topics
Powered by Aggregage | Terms and Conditions | Your California Rights and Privacy Policy
© Aggregage 2024