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sunnyvale
Joined: 17 Jul 2006
Location: Korea
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 Posted: Wed Feb 13, 2008 7:41 pm Post subject: Pay Cheque Deductions |
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What should be deducted from each pay cheque?
I know pension, tax, and health are the three main things, but what are the exact percentages should be deducted? |
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kprrok
Joined: 06 Apr 2004
Location: KC
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| Posted: Wed Feb 13, 2008 7:43 pm Post subject: |
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Tax should be around 2%
Health Insurance is about 2.3%
Pension is about 4.5%
Total: about 9% of your salary.
Sorry, I can't remember the exact numbers, and health just went up a bit, but I don't remember how much.
KPRROK |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Feb 13, 2008 8:36 pm Post subject: |
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| kprrok wrote: |
Tax should be around 2%
Health Insurance is about 2.3%
Pension is about 4.5%
Total: about 9% of your salary.
Sorry, I can't remember the exact numbers, and health just went up a bit, but I don't remember how much.
KPRROK |
Tax is dependant on your salary level and is ~1.6% at 2 mil and goes up to ~3% at 2.5 mil for a single person with no dependents.
Health is 5.03% split 50/50 with your employer so you pay 2.515%.
Pension is ~4.5% (within a few hundred won).
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