How Does Employee Salary Affect SSS Contribution?
Understanding how employee salary directly influences the Social Security System (SSS) contribution is crucial for financial planning.
Learn about the percentage breakdown between employee and employer contributions, and how salary brackets impact the total amount contributed. This is vital for ensuring accurate payroll and maximizing retirement and health benefits.
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Employee SSS contributions are based on salary brackets, with employees contributing 4.5% of their salary and employers contributing 9.5%. The total contribution increases as the salary bracket rises.
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