1. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 1 7300. Payroll Guide, 7322 Minimum Wage A. The Purpose of This Policy The purpose of this section is to assure the Company’s compliance with minimum wage laws. B. Minimum Wage Jurisdictions The federal government sets the federal minimum wage for the U.S., but some states (and even some cities) set minimum wage rates that are higher. The prevailing minimum wage rate that employers must use is always the highest among federal, state and local laws. Continue ►

2. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2 7300. Payroll Guide, 7322 Minimum Wage C. Federal Minimum Wage For the current federal minimum wage rate, go to the U.S. Department of Labor Web-site.U.S. Department of Labor Web-site There are two exceptions to the federal minimum wage, the 90- day training wage and the tip credit. The training wage applies only to employees aged 16 through 19 years of age and in their first 90 days of work. The federal tip credit is 50% of the minimum wage. Continue ►

3. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 3 7300. Payroll Guide, 7322 Minimum Wage D. State Minimum Wages For the applicable state minimum wage, see your Hotel-specific Accounting Information Guide or visit your state government’s Web-site:Hotel-specific Accounting Information Guide Arizona: Same as the federal rates California: Department of Industrial RelationsDepartment of Industrial Relations Nevada: Department of LaborDepartment of Labor North Carolina: Department of LaborDepartment of Labor Texas: Same as the federal rates Washington: Department of Labor & IndustriesDepartment of Labor & Industries Continue ►

4. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 4 7300. Payroll Guide, 7322 Minimum Wage D. State Minimum Wages (cont.) Wikipedia ® offers a listing of all state minimum wage rates, but there can be no assurance that this information is accurate and kept current. To review the Wikipedia ® site, click below: Continue ► Wikipedia ®

5. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 5 7300. Payroll Guide, 7322 Minimum Wage E. California Minimum Wage for Overtime Exemption In California, an employee must be paid at least twice the minimum wage to be exempt from overtime. Such employees must also meet other qualifications for exemption, so not all employees at or above a salary twice the minimum wage are exempt from overtime. Continue ►

6. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 6 7300. Payroll Guide, 7322 Minimum Wage F. City Minimum Wages For the minimum wage in San Francisco, California, go to the city’s Labor Standards Enforcement Web-site.Labor Standards Enforcement Web-site End

7. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 7 7300. Payroll Guide, 7322 Minimum Wage