Comprehensive and Detailed Explanation:

The employee master file for an exempt employee should include:

Payment Dates (B) -- To ensure timely payroll processing.

Work Location (C) -- For tax and compliance purposes.

Rate of Pay (D) -- Required for salary calculations.

Option A (Minimum Wage) is incorrect because exempt employees are not subject to minimum wage laws under FLSA.

Fair Labor Standards Act (FLSA) -- Exempt Employee Requirements

Payroll.org -- Employee Master File Best Practices