Source of this page
This regulation detail page is rendered from the SMBRegs static catalog, not a live government database record. Use the official filing link below to verify current requirements before filing or relying on this summary.
Description
Federal minimum wage ($7.25/hr), overtime rules (1.5x for 40+ hrs/week), child labor restrictions, and recordkeeping requirements. Applies to businesses with annual gross revenue of $500,000+ or engaged in interstate commerce.
Key Details
- Jurisdiction
- Federal
- Category
- Employment Law
- Renewal Frequency
- ongoing
- Estimated Cost
- Compliance costs vary by business size
- Estimated Time
- Ongoing compliance
Penalties for Non-Compliance
$1,000 to $10,000 per violation; up to $50,000 for repeat violations; back pay liability
Who This Applies To
Minimum Employees: 1+
Minimum Revenue: $500,000+
Official Filing Link
https://www.dol.gov/agencies/whd/flsaDoes this apply to your business?
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