The Computer Employee Exemption Applies to Employees Who Are Compensated

question 104

Essay

The computer employee exemption applies to employees who are compensated either on a salary or fee basis;who are employed as computer systems analysts,computer programmers,software engineers,or other similarly skilled workers in the computer field;and who are engaged in the design,development,documentation,analysis,creation,testing,or modification of computer systems or programs.

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Definitions:

Invests

The initiative of funneling financial capitals in order to gain profits or generate income.

Trust Fund

A legal arrangement where assets are held and managed by one party for the benefit of another, often used for inheritance, to manage charity donations, or to protect assets.

Interest Rate

The fraction of a loan incurred as interest by the borrower, commonly indicated as a yearly percentage.

Grandchildren

The children of one's children, forming the third generation in a family lineage.