Why is the social security base higher than your salary?

Legal analysis: the base of individual social security payment should be determined according to the total income of the previous year, including wages, bonuses, overtime pay and other total income. Theoretically, as long as this figure is not less than 60% of social wages and not more than 300% of social wages, the current payment base should be determined according to this base. The result of this calculation may be that the payment base is greater than the salary. Few companies do this, but this algorithm is compliant.

Legal basis: Article 86 of People's Republic of China (PRC) Social Insurance Law. If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and impose a 0.5% late fee on a daily basis from the date of default. Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.