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KW Social Insurance Calculation middle-month hired employee (Doc ID 2591369.1)

Last updated on MARCH 12, 2021

Applies to:

Oracle Fusion Global Payroll Cloud Service - Version 11.13.19.07.0 and later
Information in this document applies to any platform.

Goal

When hiring a new employee during the middle-month, the social insurance is calculated on the first prorated Basic Salary instead of the full basic salary
ex: hire date for employee = 11/7/2019 , basic salary= 1000


Run payroll for month July and notice below results:

basic salary : 677.419 this right
employee basic social insurance= 71.129 , this should be calculated as 1000*10.5=105


Run payroll for month  August  and notice below results:
basic salary = 1000 this is right
employee basic social insurance= 71.129, this should be calculated as 1000*10.5=105
 

Solution

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In this Document
Goal
Solution


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