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The law further states that independent contractor status is evidenced if the worker: (1) has a substantial investment in the business other than personal services, (2) purports to be in business for himself or herself, (3) receives compensation by project rather than by time, (4) has control over the time and place ...
Exempt employees are the ones not under the protection of labor laws. Though they can receive various benefits from the company like promotion, performance rewards, etc. not like the ones non-exempt receive from the government.
Exempt employees are employees who, based on the duties performed and the manner of compensation, are exempt from the FLSA minimum wage and overtime provisions. Exempt employees are paid an established monthly or annual salary and are expected to fulfill the duties of their positions regardless of the hours worked.
New overtime thresholds will be phased-in as described above until they reach 8 hours per day and 40 hours per week by 2022 (for employers of more than 25 employees) or by 2025 (for employers of 25 or fewer employees).
Working more than 8 hours in a day offers the same overtime rate as over 40 hours in a week. Even if the employee works less than 40 hours in the week, long days provide additional compensation. If the long day extends to more than 12 hours, the rate increases to double the employee's regular hourly rate.