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Securities Offered Through DaVinci Capital Management, Inc.

799 Cambridge St., Cambridge, MA 02141 
617-354-3222 I Member FINRASIPC
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October 4, 2019

What happened.  Exempt employees, because of their rate of pay and type of work that they do, are not eligible for overtime pay for hours worked over 40 in a workweek. Non-exempt employees must be paid time and a half for any hours worked more than 40 in a workweek. On September 24, the Department of Labor announced a final rule changing the salary-test for determining whether an employe...

September 24, 2019

One threshold in determining whether an employee is non--exempt or exempt under the Fair Labor Standards Act (FLSA) is the earnings threshold.  Currently, FLSA Regulations (promulgated by the U.S. Department of Labor) state that employees earning less than $23,600 per year ($455 per week) are nonexempt while Employees who earn more than $100,000 per year are almost certainly exempt.  

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September 24, 2019

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