Concepts
Is teh amount of money that a persone receive becouse of his work.
Salary and Wages
How much tax is caused by Wages?
100%
How much is Sunday Bonus?
25% of daily salary
Where can you find information about Labour Regulation in México?
Mexican Federal Labour Law (LFT)
What is the difference between quit and get fired?
To quit is a personal decision, the employee decides to stop working for a company, it means a resignation.
To get fired, takes place when the company tell to the employee that they are letting they go, it means company decides that employee services are not required any more. Dismissal
Is the amount of money that you have to pay to the goverment because you are making money?
Tax
How mus tax is caused by food vouchers?
0%
How much is Christmas Bonus according to Law?
15 days of salary for 1 complete year worked
What happend if company hires someone but they don´t sign a contract?
Contract will be consider indefinite time, and the employeer is the one who has to prove all teh agreements.
Mention the difference between justified and unjustified dismissal?
Justified dismissal is because employee resposability, it means that he did something against employer that causes to get fired.
Unjustified dismissal takes place when company did something against employee, or even when without any reason, employer decides to fired employee.
Is the amount of a perception that is not causing taxes
Exempt
How much tax is caused by Sunday Bonus?
There is an exeption of 1 minimum salary ( 1 UMA)
According to the law, how many vacation days would have a person who has been workin in the company for 15 years?
18 days
Is the law that establish all regulation about taxes in Mexico?
LISR ( Ley del Impuesto sobre la renta)
What benefits do you have to pay when a resignation/quit takes place?
Salary ( days already worked)
Christmas Bonus, Vacation and Vacation bonus according to the time that person has worked for the company.
If employee has been working for more than 15 years for the company, also have to pay the tenure/ Seniority Premium
Is teh name that we give to the days that are dayoff by mandatory?
Holidays
How much tax is caused by overtime?
For double overtime, if there is a minimum salary is tax free, more than 1 minimum salary 50% is cousinf tax but it could not be more than 5 UMAS, if 50% is more than 5 UMAS, the differerence cause tax. Triple overtime causes 100% tax.
What is a profit sharing? and How will it be paid?
Profit sharing is a portion of profit that is share with employees, Company will share 10 % of profit, and we will divide it in 2, 50% according to days worked, and 50% according to salaries earned.
Mention the units that you can use to fix teh salary or wage?
Time Unit ( hr, day, month)
Work Unit (Pieces)
Commision Unit ( percentage)
At fixed price ( one price for the complete work)
Mention the benefits that company have to pay if a person is justified dismissal?
Salary ( days already worked)
Christmas Bonus, Vacation and Vacation bonus according to the time that person has worked for the company.
Tenure or Seniority Premium
What is a Labor relationship?
Is a relation between an employer and an employee, in which a person is providing a personal and subordinate service to the employeer, and she/he is receiving a payment for his job.
How much tax is caused by Chrismas Bonus?
Xmas bonus has an exemption of 30 UMAS, if the amount is less than those, then Xmas bonus is tax free, but if it is more than 30 UMAS then difference causes tax.
What is Social provision?
It refers to all benefits that an employee can get only because he/ she is working for the company; these kind of benefits are not related to job quality.
How much is the Tenure or Seniority Premium?
12 days for each year worked. 6 months or more worked counted like a complete year. If employee is earning more that 2 UMAS daily, you only have to pay the 2 UMAS as maximum salary for tenure, if he/she were earning less than 2 UMAS daily you have to pay according to his/her salary.
What benefits do you have to pay to a employee who were unjustified dissmissed?
Salary
Christmas Bonus
Vacation and Vacation Bonus
Tenure or Seniority Premium
Compensation ( 90 days)
Severance Payment ( 20 days for each year worked)