Find the Mean for the Given Sample Data

question 66

Multiple Choice

Find the mean for the given sample data. Unless otherwise specified, round your answer to one more decimal place thanthat used for the observations.
-Frank's Furniture employees earned $340.75, $394.04, $256.06, $208.10, $212.99, and $423.99 last week. Find the mean wage of the employees. Round your answer to the nearest cent.

• A)$367.19
• B)$458.98
• C)$355.19
• D)$305.99

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Definitions:

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.

Net Pay

Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.

Wages and Salaries Payable

Liabilities for wages and salaries that have been earned by employees but have not yet been paid.

Federal Income Taxes Payable

The amount of income tax that a company or individual owes to the federal government and has not yet paid.