What is the difference between?

Question

an Exempt and a Non-Exempt employee?

as far as:
Pay
Benefits
Taxes?

Thank you for your answers

Answer 1

Benefits are at the sole discretion of the company, there is no legal requirement.
Pay, varies by the position. Exempt employees are generally salaried and will not be paid overtime irregardless of the hours worked.
Non-exempt employees are generally in a lower pay bracket and employers are legally required to pay overtime for all hours worked in excess of the standard 40 hour work week.
Taxes: This varies with your income level. It is not affected by the exemption.

Check this site: http://www.dol.gov/esa/regs/compliance/whd/fairpay/main.htm
They discuss the exemptions in greater detail here. You should see a list of articles in the "Fact Sheet" section.

Answer 2

An exempt employee is basically one that is not entitled to overtime pay. The pay and benefits depend on the specific job, and taxes are the same as any other non-exempt employee.

Answer 3

Exempt don't get paid overtime because they are professional or managerial so they must negotiate for more pay to make up for it. They would get the same benefits and pay the same taxes/.

Answer 4

http://careerplanning.about.com/od/federallawsus/g/def_exempt.htm

http://careerplanning.about.com/od/federallawsus/g/def_nonexempt.htm