Question

Social security contributions or part of

Answer 1

Solution -

The Social Security Contribution (Tax OECD Classification of Taxes 2000) includes all mandatory payments that provide eligibility for receiving future (casual) social benefits. In this,

a) Social security contributions from employers, e.g. Unemployment Insurance and Old Age Insurance premiums from Employers

b) Social security contributions to employees, e.g. Unemployment Insurance and senior-age insurance premiums, employees in National Pension Insurance Scheme and contributions to the National Health Insurance Scheme,

c) Social Security contributions made by independent entrepreneurs and non-employed individuals. Aged aging insurance primaeas supplied by the entrepreneurs