INCWAGE for 1950

It is said that for 1950, the codes for INCWAGE (wage and salary income) represent the midpoints of hundred-dollar intervals. And I’ve seen that on the actual data, INCWAGE follows the values such as 50, 2050, 750, etc. Does this mean that, for instance, if INCWAGE=750, the actual value of wage and salary income was between 700 and 800?

Thanks for your help.

Yes, this is correct.