New Minimum Wage in Effect
IRS Raises Standard Mileage Rate to 50.5 Cents per Mile

New Lower Rates in Effect For Computer Software Professionals

Effective January 1, 2008, the minimum hourly rate for exempt computer software professionals in California decreased from $49.77 per hour to $36 per hour. Under California Labor Code § 515.5, the computer professional overtime exemption in California applies only to employees who meet a duties test and a minimum hourly pay rate, as established each year by the California Division of Labor Statistics. For salaried workers, this equates to an annualized salary of not less than $74,880 (down from last year's $103,521.60), plus $36 for each hour worked in excess of 40 in a work week. The Division of Labor Statistics and Research will adjust the rate annually for inflation.

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