The annual salary statistics of tax preparers in Sherman-Denison, Texas is shown in Table 1. The wage data of tax preparers in Sherman-Denison is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $16,950 |
| 25th Percentile Wage | $18,870 |
| 50th Percentile Wage | $46,580 |
| 75th Percentile Wage | $71,020 |
| 90th Percentile Wage | $113,180 |
Table 1 shows the average annual salary for tax preparers in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $113,180. The median (50th percentile) annual salary is $46,580. The average annual salary for the bottom 10 percent earners is $16,950.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $46,580 | 8.03% | 8.54% |
| 2019 | $42,840 | 0.56% | - |
| 2015 | $42,600 | 45.35% | - |
| 2014 | $23,280 | -0.73% | - |
| 2013 | $23,450 | -81.66% | - |
| 2012 | $42,600 | - | - |
From Table 3 we note that the median annual salary of $46,580 in Sherman-Denison is in the middle of salary range for tax preparers in state of Texas. In comparison, the annual salary of tax preparers in Sherman-Denison is 28.5 percent (28.5%) lower than that in the highest paying Fort Worth-Arlington and 40.7 percent (40.7%) higher than that in the lowest paying Texarkana-Texarkana.