|The minimum salary
level required for exemption is $455 per week, which must be paid “free and clear” – that
is, the $455 can not include the value of any non-cash items that an employer
may furnish to an employee, like board, lodging or other facilities (for
example, meals furnished to employees of restaurants). For employers that have adopted pay periods
longer than one week, the equivalent of the $455 per week salary level is
$910 for biweekly pay periods; $985.83, for semimonthly pay periods; and
$1,971.66, for monthly pay periods.