Tax
Monthly Social Security (SSC) Contribution
Recording the company's portion and the employee's deduction for Social Security in Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Salaries & Wages Expense | Expense (+) | 1,000.00 | - |
| SSC Expense (Employer Share) | Expense (+) | 142.50 | - |
| SSC Payable (Total) | Liability (+) | - | 217.50 |
| Cash / Salaries Payable | Asset/Liability (-) | - | 925.00 |
💡 Accountant's Note
In Jordan, the employer pays 14.25% and the employee pays 7.5%. This entry records the total cost to the company and the liability owed to the Social Security Corporation.
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