I agree with most here - call their bluff (which is what you did).
Don't play the exemption game - make them fire you and then either sue, or just relax and pull unemployment (check the applicable laws to ensure this is possible). If you just lay low and enjoy life, in two to three months they'll most probably be crying to get you back. Before you return to the job ask for a bonus.
I did that years ago. Told a contractor that Id come back for $1000 bonus. He couldnt pay me quick enough.
I did have to actually quit. Just threatened to.
Unemp is capped at 40% in most states.
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