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  2. Social Security System (Philippines) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_System...

    The SSS calculates monthly contributions differently for employers, employees, and self-employed people. Every payout is required for everyone in order to be in conformity with governmental labor standards, and this is shown to the employee on the payslip.

  3. Payroll tax - Wikipedia

    en.wikipedia.org/wiki/Payroll_tax

    Federal social insurance taxes are imposed on employers [35] and employees, [36] ordinarily consisting of a tax of 12.4% of wages up to an annual wage maximum ($118,500 in wages, for a maximum contribution of $14,694 in 2016) for Social Security and a tax of 2.9% (half imposed on employer and half withheld from the employee's pay) of all wages ...

  4. How to Calculate Year-End Bonuses for SMB Employees - AOL

    www.aol.com/finance/calculate-end-bonuses-smb...

    Review your options for awarding year-end bonuses to your SMB workforce without breaking the bank.

  5. Pay-as-you-earn tax - Wikipedia

    en.wikipedia.org/wiki/Pay-as-you-earn_tax

    A certificate is issued at the beginning of each tax year based on the employee's personal circumstances. At the end of each tax year, the employer must give the employee a certificate of Pay, Tax and PRSI deducted during the year, Form P60. A Form P45 is a certificate given by an employer to an employee on cessation of employment.

  6. Labor Code of the Philippines - Wikipedia

    en.wikipedia.org/wiki/Labor_Code_of_the_Philippines

    The Labor Code sets the rules for hiring and firing of private employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth-month pay and retirement pay; and the guidelines in the organization and membership in labor unions as well as in collective bargaining. The prevailing ...

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