How to pay social security according to the minimum wage?

How to pay social security according to the minimum wage?

Calculated according to the local social assessment of wages, the situation is different every year, and there are provisions for the highest and lowest level, the highest level of 300% of the average wage, the lowest level of 60% of the average wage, if the unit to participate in the insurance, is based on the actual wage to pay the amount.

For example, if the minimum wage in a city is 2,000 yuan, then the social security contribution is 2,000 x 20%, which is about 400 yuan. Of which 10% is borne by the company, the other 10% is borne by the employees themselves. So the social security is still more cost-effective, can let you later in the unemployment of unemployment insurance benefits, but also has the corresponding workers' compensation insurance and maternity insurance.

How should I calculate the basis of payment for social security for my employees?

The base figure for social security contributions is calculated based on the average social wage of the previous year.

Employees' contributions are based on the average monthly salary of the previous year; employees of newly established units and new employees are based on the salary of the month in which the employee's starting salary is approved. My last year's average monthly salary or starting salary of the month of less than 60% of the previous year's average monthly salary of the city's employees, according to the previous year's average monthly salary of the city's employees 60% of the approval; more than the previous year's average monthly salary of the city's employees 300% of the previous year's average monthly salary of the city's employees 300% of the approval of the previous year's average monthly salary of the city's employees. How to determine the base of social insurance unit contributions.

The total amount of wages included in the cost of the enterprise and the total wages of individuals are different categories.

The total wages (including salaries, bonuses, allowances, etc.) included in the cost of the enterprise include social security funds (pension funds, retirement funds, medical insurance, unemployment insurance premiums), housing fund, etc., as well as for the retired workers to pay for the cost of medical expenses and various funds and other welfare funds, labor union funds, employee education costs.

Individual gross salary is generally wages, bonuses, allowances, minus pension insurance, unemployment insurance, provident fund and other personal contributions to the paid gross salary. Here the individual gross salary is the basis of corporate accounting.

Company withholding on behalf of the employee's personal insurance costs are also included in the company's gross salary.