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What is a median salary?

How much you are paid during your first year of working,
How much you pay in taxes during your first year,
The average amount people are paid in your local area only.
The average amount people are paid for working that job.

User Aebmad
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1 Answer

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Answer:

the average amount people are paid for working that job

Step-by-step explanation:

The term median salary refers to the average amount people are paid for working that job. It basically takes the salary of every individual in that specific position (usually in a specific country, since the economy applies) and calculates the average of all those salaries. This would then become the median salary. It is also what is used to represent what an individual in that position should be getting paid for doing the work. Under this median salary, amount would mean that they are underpaid.

User Lkisac
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