25. A little example
One firm, 90 employees, 3 partners
Total wages: $ 1,980,000
Total salaries: $ 330,000
26. A little example
One firm, 90 employees, 3 partners
Total wages: $ 1,980,000
Total salaries: $ 330,000
Total profits: $ 450,000
27. A little example
One firm, 90 employees, 3 partners
Total wages: $ 1,980,000
Total salaries: $ 330,000
Total profits: $ 450,000
Average wage: $ 1,980,000 / 90 = $ 22,000
28. A little example
One firm, 90 employees, 3 partners
Total wages: $ 1,980,000
Total salaries: $ 330,000
Total profits: $ 450,000
Average wage: $ 1,980,000 / 90 = $ 22,000
Average salary: ($ 330,000 + $450,000) / 3
= $ 260,000