Fee Basis

•A
fee payment meets the minimum salary level required for exemption if,
based on the time worked to complete the job, the fee is at a rate that
would amount to at least $455 per week if the employee worked 40
hours

•Example:

An artist is paid $250 to paint a
portrait that took 20 hours to complete, the equivalent of
$12.50 per hour

Because working 40 hours at this
$12.50 per hour rate would yield the artist $500, the fee payment meets
the salary requirements for exemption