The Average Income for Accounting Jobs
Accountants are responsible for gathering, analyzing and keeping financial records in order. Accountants work in all levels of government, with individuals and private industry, where increased scrutiny of financial reporting is projected to increase the need for accountants, according to the U.S. Bureau of Labor Statistics. As an industry, the average income for accountants varies by the type of job, or specialty an accountant chooses.
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Public Accountant
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The total average salary of public accountants ranges from $40,399 to $58,225, based on a sampling of 363 public accountants. Total salaries for public accountants include wages, bonus payments, profit sharing and commission. Bonuses for public accountants range from $988 to $4,856. Similarly, profit-sharing compensation averages between $800 and $4,250. Most significantly, commissions can increase the salary of a public accountant by as much as $500 to $17,000.
Certified Public Accountant
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The average compensation of a certified public accountant (CPA) ranges between $48,529 and $73,960, according to a national PayScale survey of 7,723 certified public accountants. The data indicates that the majority of compensation comes from salary that averages between $47,789 and $70,519. Depending on employer, a CPA may also collect a bonus between $1,485 and $5,206, and between $1,971 to $10,649 in profit sharing and commission compensation.
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Tax Accountant
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Tax accountant salaries vary between $42,925 and $56,123. This average is based on a sample of 1,545 tax accountants who also count on bonuses and profit-sharing programs with employers for additional compensation. According to the PayScale survey of tax accountant salaries, bonuses vary between $1,002 and $4,155 annually and profit sharing with employers averages between $923 and $2,574. Including profit sharing and bonuses, tax accountants make an average of $42,622 to $57,620 annually.
Internal Auditor
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An internal auditor analyzes how well the internal accounting controls of a government agency or business work to minimize fraudulent activity and waste. According to a survey of 1,895 internal auditors, the national average salary for a tax accountant is between $42,458 and $58,848. Internal auditors may also benefit from employer bonuses and profit-sharing programs, which can add between $2,201 and $8,770 to total annual compensation.
Management Accountant
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According to the Bureau of Labor Statistics, management accountants evaluate and determine financial performance of government or business organizations. Based on a survey of 201 management accountants, salaries average from $42,378 to $64,430. Like other accounting jobs, management accountants may participate in profit sharing and collect bonuses from employers. Including compensation from bonuses and profit sharing, management accountants draw an average salary between $42,920 and $67,297.
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