Does the after-tax salary include five insurances and one gold? Attached are five insurance and one gold accounting entries.

Generally speaking, the payment of wages is closely related to the payment of five insurances and one gold. We often hear the words "pre-tax salary" and "after-tax salary". Does the after-tax salary include five insurances and one gold?

After-tax salary includes five insurances and one gold?

After-tax salary refers to the salary actually paid after personal income tax is paid after deducting personal five insurances and one gold. That is to say, after-tax salary does not include five insurances and one gold.

After-tax salary is actually the actual salary income, and pre-tax salary is the salary income after deducting the part that individuals should pay in five insurances and one gold and personal income tax.

Accounting entries for five insurances and one gold

1. When drawing:

Borrow: production costs/management expenses, etc.

Loan: the unit part of wages payable to employees-social insurance premium.

Salary payable to employees-unit part of housing provident fund

2 social security and housing provident fund personal part deducted from wages:

Borrow: Payable staff salaries-wages and salaries

Loans: bank deposits

Taxes payable-personal income tax

Payable to employees-Personal part of social security

Employees Payable-Personal Part of Housing Provident Fund

3. When paying five insurances and one gold:

Debit: Employee Payable-Social Security Unit Part

Salary payable to employees-unit part of housing provident fund

Payable to employees-Personal part of social security

Employees Payable-Personal Part of Housing Provident Fund

Loans: bank deposits

Treatment of Accrued Wages and Individual Taxes Consolidated Account Entry

The content of five insurances and one gold

As the name implies, five insurances and one gold refer to "five insurances"+"one gold". These five types of insurance are endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. "One gold" refers to the housing accumulation fund.

Endowment insurance, medical insurance and unemployment insurance are jointly paid by enterprises and individuals; Industrial injury insurance and maternity insurance are borne by enterprises, and individuals do not need to pay.