How to calculate employees' social security subsidies and provident fund subsidies?

How to calculate employees' social security subsidies and provident fund subsidies?

Subsidies paid by the unit to employees shall be included in the salary payable to employees, and the accounting entries are:

Debit: payable to employees.

Credit: cash on hand/bank deposit.

How does the average wage affect employees' social security rights and interests

First, it affects the upper limit of social security payment base.

The average monthly salary of employees includes not only basic salary, bonuses, various allowances and subsidies, but also various expenses withheld and remitted by the unit, that is, social security expenses and housing accumulation fund withheld and remitted by the employer for employees are also included.

Second, it affects the upper limit of the provident fund contribution base.

The average wage of employees not only directly determines the social security contribution base, but also affects the upper limit of the provident fund contribution base.

Taking Beijing as an example, the upper limit of the monthly contribution of housing provident fund is determined by multiplying 300% of the average monthly salary of Beijing employees in the previous year by the sum of the contributions of units and employees' housing provident fund in that year.

According to the notice of Beijing Housing Provident Fund Management Center, the deposit ratio of housing provident fund is 12%. According to the calculation formula of the upper limit of housing provident fund deposit, 300% of the average monthly salary of employees in Beijing in the previous year is multiplied by the deposit ratio of employees and units respectively.

Third, it affects the basic pension for retirees.

According to the provisions of China's Social Insurance Law, the basic pension is determined according to individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population and other factors.

Fourth, affect the formulation of the minimum wage standard.

The minimum wage standard is a legal system to guarantee the minimum wage income of workers and a national standard applicable to the whole industry. According to the unified requirements, there are two methods to calculate the minimum wage: proportional method and Engel coefficient method. Both methods refer to six indicators, such as local per capita living expenses, employees' personal social security accumulation fund expenditure, the city's average wage, economic development level, unemployment rate and support coefficient, and comprehensively determine the local minimum wage standard according to different calculation formulas. It can be seen that ordinary employees.

Five, the impact of the economic compensation cap standard

The "average wage" will also be of great use when the rights and interests of workers are damaged, because it determines the level of economic compensation.

According to the relevant provisions of the Labor Contract Law, if a worker's monthly salary is three times higher than the average monthly salary of local employees announced by the people's government of the municipality directly under the central government where the employer is located, the standard for paying economic compensation to him is three times the average monthly salary of employees, and the maximum service life does not exceed 12 years.

Six, affect the life of inductrial injury worker nursing expenses

According to Article 34 of the Regulations on Work-related Injury Insurance, employees who are assessed as disabled and confirmed by the Labor Ability Appraisal Committee to need life care shall be paid by the work-related injury insurance fund on a monthly basis.

Life care fees are paid according to three different levels: completely unable to take care of themselves, mostly unable to take care of themselves or partially unable to take care of themselves, and their standards are 50%, 40% or 30% of the average monthly salary of employees in the overall planning area respectively.

It should be noted that the use of social security cards to receive pensions must activate the financial functions and bank accounts of social security cards in order to receive pensions normally.

How to calculate the social security subsidies and provident fund subsidies paid to employees? If the company gives employees corresponding subsidies, it can be accounted according to the entries introduced in this article. Social security and provident fund are withheld and remitted by the company for employees. Every month, the financial department needs to withdraw and then pay, and master the relevant steps.