1. According to the explanation in Article 4 of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Amending the Tax Return of Enterprise Income Tax (Guo Shui Fa [2006] No.56), the monthly salary of all employees mentioned in the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Pre-tax Deduction of Trade Union Funds (Guo [2000] No.678) refers to the amount of wages that are allowed to be deducted before tax according to tax regulations. This amount is the calculation base of the union funds that are allowed to be deducted before tax. Therefore, the base of extracting trade union funds should be the total taxable wages, not the total paid wages.

2. When drawing trade union funds:

Trade union funds payable = total taxable wages *2%

Borrow: management expenses-union funds

Loans: other payables-trade union funds

3. When turning over trade union funds:

Paid funds = the number of trade union funds to be extracted *40%

Borrow: other payables-trade union funds

Loans: bank deposits

4. Trade union funds: (60% retained by the enterprise is used for the usual trade union funds)

Borrow: other payables-trade union funds

Loan: bank deposit or cash.

Extended data:

According to the provisions of the Trade Union Law, there are five sources of trade union funds:

1. Membership dues paid by trade union members;

2, the establishment of trade union organizations of enterprises, institutions and organs according to 2% of the total monthly salary of all employees to allocate funds to the trade union;

3. Income paid by enterprises and institutions affiliated to the trade union;

4, people's government subsidies;

5. Other income.

References:

Baidu encyclopedia-trade union funds