Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do owners, corporate officers and salaried employees have to be paid the prevailing wage?

0
Posted

Do owners, corporate officers and salaried employees have to be paid the prevailing wage?

0

With the exception of sole proprietors, all workmen on prevailing wage projects must be paid at the established hourly rate for the type of work performed regardless of whether they’re paid by the hour or receive a regular salary. Whenever a salaried employee works on a prevailing wage project, that person’s gross salary must equal or exceed the amount of wages they would have been entitled to for the work they performed had they been a regular hourly employee. For example, if an employee normally receives a weekly gross salary of $800.00 but works forty (40) hours on a prevailing wage project that has an established hourly rate of $30.00 per hour for the type of work being performed; that employee’s weekly salary would have to be increased to $1200.00 for that particular pay period.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.