How to make entries for personal income tax and social security withheld by enterprises

Ask Baidu to know within ten minutes of the question and answer immediately download the withholding of personal income tax how to make an entry? How to make an entry for the personal income tax withheld? Finance Cole 2021-08-07Professional AnswerFirst of all, first of all, the accounting entries for accruing wages: debit: selling expenses / administrative expenses / employee compensation / total wages credit: payable employee compensation / total wages then the accounting entries when the wages are paid: debit: payable employee compensation / total wages credit: payable taxes - payable personal income tax bank deposits and finally, the accounting entries for the payment of social security: debit: Taxes payable --- personal income tax payable Credit: bank deposit Above is the accounting entry for the personal income tax withheld and paid.

The Chinese people*** and the State Social Insurance Law, Article 10 employees should participate in the basic pension insurance, by the employer and the employee*** with the payment of basic pension insurance premiums. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council.