> if you make less than ~$60k. Above that amount and you're exempt from being entitled to overtime.
This is incorrect. Entitlement to overtime pay varies from state to state. In California, for example, there are complex rules but for most employees, the analysis ultimately boils down to whether you spend more than 50% of your working hours performing exempt duties. If you don’t meet this threshold — even if you are highly compensated and have an executive title — you are not exempt and you must be paid overtime. It also does not matter if the company is paying you on a salary or hourly basis.
This is incorrect. Entitlement to overtime pay varies from state to state. In California, for example, there are complex rules but for most employees, the analysis ultimately boils down to whether you spend more than 50% of your working hours performing exempt duties. If you don’t meet this threshold — even if you are highly compensated and have an executive title — you are not exempt and you must be paid overtime. It also does not matter if the company is paying you on a salary or hourly basis.