Description of Data Element 01026
NAME: Minimum Wage
FILES/TABLES: DEF SDCF
COMPONENTS: 01004 01236 01735
The minimum annual salary amount calculation based on
florida minium wage.
Minimum annual wage = $13363.20 for minimum hourly wage of $6.40
The formula used to check for compliance with the federal minimum
wage law is:
Minimum Wage >= Current Year Rate / Person Year
If the above condition is false, the employee is being
compensated at a rate below minimum wage.
FL Const. art. X, ss 24, cl. c.
FFAMIS/US DEPARTMENT OF LABOR
PHYSICAL DESCRIPTION: 9(6)V9(2)
COLUMN NAME: MINIMUM_WAGE
SHORT NAME: MINWAGE
CREATE-CHANGE DATE: 09/12/06
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