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Lincoln County Board of Commissioners Agenda Item Cover Sheet Board Meeting Date:Consent Agenda:Public Hearing:Regular Agenda:July 15, 2019Agenda Item Type:Jeremiah CombsPresentation Time (est):5
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01
Obtain the necessary data for calculating median earnings, including the income of individuals in a specific population or group.
02
Arrange the income data in ascending order.
03
Find the middle value in the sorted income data. If the number of incomes is odd, the middle value is the median. If the number of incomes is even, find the average of the two middle values.
04
Use the calculated median earnings as the representative value for the group or population.

Who needs median earnings by means?

01
Median earnings by means is useful for various stakeholders including researchers, economists, policymakers, and analysts.
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Employers may need this data to analyze the earnings of their workforce and make informed decisions about compensation and benefits.
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Government agencies can use median earnings by means to evaluate income distribution, assess economic inequality, and formulate social welfare policies.
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Researchers and economists often rely on these statistics to study income trends, analyze socioeconomic disparities, and identify potential areas for improvement.
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Individuals may also find this data useful when comparing their own earnings with the average or median earnings in their industry or region.
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Median earnings by means refers to the middle value of a set of earnings for a specific group or category.
Employers are required to file median earnings by means for their employees.
Employers can fill out median earnings by means by calculating the middle value of earnings for their employees and reporting it accordingly.
The purpose of median earnings by means is to provide an accurate representation of the earnings distribution within a specific group.
Employers must report the middle value of earnings for their employees on median earnings by means form.
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2019 2017 North_Carolina delaware amanda hallman attestation witnesseth restated udo hereof catawba jcombslincolncounty bryant notarial hereinafter ext sufficiency plat ratification foregoing hereto affix irreconcilable surety whereof recitals capitalized

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