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What is the minimum salary requirement for exempt employees?

  1. Minimum wage based on federal guidelines

  2. $500 per week

  3. $455 per week

  4. $600 per week

The correct answer is: $455 per week

The minimum salary requirement for exempt employees is $455 per week. This is based on the Fair Labor Standards Act (FLSA), which outlines the criteria for employees to be exempt from overtime pay. Exempt employees must meet both the salary basis test (being paid a predetermined and fixed salary that is not subject to reduction based on quality or quantity of work) and the salary level test (being paid a minimum salary amount). The current minimum salary requirement for exempt employees under federal law is $455 per week.