By state statute, an employer must pay a salary to an exempt administrator, executive, or professional that is at least 2 times the state minimum wage, or $14.30/hour ($29,744/year, at 2080 hours/year). AS 23.10. 055(b). But by regulation, the salary for an exempt administrative or executive must be at least 2.5 times the minimum wage, or $17.875/hr. […]
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