Is our employee Exempt or Nonexempt?

An employee is either Exempt or Nonexempt from the provisions of the Fair Labor Standards Act (FLSA), a federal law that protects employees by establishing standards for a minimum wage, overtime, recordkeeping, and youth employment. Every employee needs to be properly classified. 

The article "Exempt or Nonexempt?" provides more detailed information and includes several helpful resources.
What is the Independent Contractor Standard used by the IRS?
Do we have to keep timecards?