What subjects does the social security fee include?

Social security expenses are included in the payable employee compensation account.

The detailed items of payable employee salaries include: wages, bonuses, allowances and subsidies, employee welfare funds, non-monetary welfare social insurance premiums, housing accumulation fund, trade union funds and employee education funds, paid vacations, profit sharing plans, defined contribution plans, defined benefit plans obligations, dismissal benefits, etc.

The accounting treatment of employee compensation payable includes the following items:

1. Enterprises pay wages, bonuses, allowances, etc. In accordance with the relevant provisions issued to employees, debit payable employee salaries, credited to bank deposits, cash on hand and other subjects.

2. All kinds of money (family medicine expenses and personal income tax, etc.). If the enterprise deducts from the salary payable to employees, it shall debit this account and credit other accounts receivable, taxes payable, personal income tax payable and other subjects.