What does tax exempt mean?

Tax exempt means some or all income isn't subject to tax at the federal, state or local level. Here's how it works and who qualifies.

What is the difference between exempt and non-exempt employees?

One of the main differences between exempt employees and non-exempt employees is that exempt employees receive a salary for the work they perform, while non-exempt employees earn an hourly wage. Here are some basic guidelines about exempt employee benefits:

What is an exempt employee?

Exempt employees are individuals who are not eligible for minimum wage, overtime regulations and other protections extended to non-exempt workers. These employees are typically part of the salary model of work, frequently seen in executive, supervisory, administrative and other professional positions.