Minimum Wage California 2024 Annual Salary. When employers are paying overtime at time and a half, this results in $24.00. This is set by the government and currently stands at $7.25.

As of january 1, 2024, to be considered an exempt employee in the u.s., a worker must be paid a minimum salary of $844 per week, or $43,888 per year. As of 2024, the california minimum wage is $16.00 an hour.