2 Monetary Policy and Long-Term Economic Growth. In examining the effects of monetary policy on economic activity and growth, it is useful, both for conceptual and for policy reasons, to distinguish between long-term and short-term effects or, alternatively, between permanent and transitory effects.
As of 2015, the median wage for an entry-level bookkeeper is $14 per hour. However, the yearly salary for a bookkeeper varies, as some bookkeepers are eligible for bonuses or commission and others receive overtime pay. The average bookkeeper makes $37,930 per year.
The median annual wage for bookkeeping, accounting, and auditing clerks was $38,390 in May 2016. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $23,880, and the highest 10 percent earned more than $59,630.