How to deduct social security fees and wages?

Legal analysis: the deduction of social insurance premium is: the payment salary multiplied by the payment rate.

These five risks are usually

1. Endowment insurance: company 13%, individual 8%.

2. Work-related injury: the company will bear 1%, and the individual will not bear it.

3. Unemployment: the company will bear 1%, and the individual will not bear it.

4. Medical insurance and maternity insurance: 2% for companies and 0.5% for individuals.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated in accordance with the Constitution for the purpose of adjusting the social insurance relationship, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to enjoy the fruits of development and promoting social harmony and stability.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.