Description of Data Element 01026





NAME:         Minimum Wage                                                      



NUMBER:       01026                                                             



FILES/TABLES: DEF   SDCF                                                        
COMPONENTS:   01004 01236 01735                                                 



DEFINITION:                                                                     
   The minimum annual salary amount calculation based on                        
   florida minium wage.                                                         



ALGORITHM:                                                                      
   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.                                    



TABLE VALUES:                                                                   
                  Effective 01/01/2006                                          
   13363.20       Annually                                                      
       6.40       Hourly                                                        



REFERENCES:                                                                     
   FL Const. art. X, ss 24, cl. c.                                              



SOURCE RESPONSIBILITY:                                                          
   FFAMIS/US DEPARTMENT OF LABOR                                                



DATABASE INFORMATION:                                                           
   PHYSICAL DESCRIPTION: 9(6)V9(2)                                              
   COLUMN NAME:          MINIMUM_WAGE                                           
   SHORT NAME:           MINWAGE                                                



CREATE-CHANGE DATE:  09/12/06                                                   



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