Administration

Salaries and wages II

Unit III. Activity 9. Unique payroll, Settlement and Severance

Teacher: Daria Citlali Buendía Gómez

Student: Jessica Gabrielle Estrada Esquivel

Group AD42

Tuesday March 29th, 2022

Content

Unique payroll ........................................................................................................ 3

Settlement and Severance .................................................................................. 3

Severance Payment Calculation Procedure ........................................................... 3

Settlement Payment Calculation Procedure ........................................................... 5

Procedure for calculating ISR according with the regulations of the current ISR low.
.............................................................................................................................. 8

Use of specialized software in off-cycle payroll in the determination of settlement

and severance. ...................................................................................................... 8

Bibliography……………………………………………………………………………… 8
Unique payroll
Settlement and Severance
Settlement

The settlement is the payment that is received when the employment relationship
comes to an end.

Severance

Settlement or also called compensation, is carried out when the responsibility for
the termination of the contract is carried out by the company and for reasons
unrelated to your performance. It can also be due to an unjustified dismissal, as
well as if you decide to resign due to a serious fault committed by the employer
(article 51 of the LFT).

Severance Payment Calculation Procedure

The severance payment is calculated based on the daily salary. This is the first
piece of information necessary to determine the amount to be received. The date
of hiring and termination of the employment relationship is also taken into account.
Also, pending vacation days, bonuses, annual bonus, and bonuses to which the
employee is entitled according to his contract must be taken into account.
The steps for calculating the severance payment will be explained and exemplified
below:

Worker’s condition:

 Daily wage: 100 pesos

 Days outstanding: 10
 Annual bonus: 15 days
 Annual vacation: 10 days
 Vacation bonus: 25%
 Days of the year elapsed: 240
Calculations steps:

1. Multiply the number of unpaid days worked by your daily salary:

10 days x 100 pesos per day = 1,000 pesos per unpaid salary.
2. To calculate the proportional part of the annual bonus, we must first know
the amount that would correspond for the entire year. To do this, multiply the
daily wage by the number of days of annual bonus according with the
contract.
15 days x 100 pesos per day = 1,500 pesos.
3. Next, is dividing this amount by the 365 days of the year to find out how
much you are entitled to per day:
1 500 pesos ÷ 365 days = 4,109 pesos per day.
Now multiply that amount by the days of the year that have elapsed:
240 days x 4,109 pesos = 986.16 pesos for annual bonus.
4. Proceed in the same way to calculate the vacation pay. We must multiply
the daily wage by the days of annual vacation: 100 pesos per day x 10
vacation days = 1,000 pesos. Divide this amount by the total days of the
year to determine the value per day: 1 000 pesos ÷ 365 days = 2,739 pesos
per day.
5. Multiply that result by the days worked: 2,739 pesos per day x 240 days =
657.36 pesos (proportional part for vacation). The vacation bonus is
obtained by multiplying by this percentage the proportional part for
vacations: 25% vacation bonus x 657.36 pesos = 164.34 pesos
(proportional part vacation bonus).
6. Finally, all these amounts are added together to obtain the estimated
amount for the severance payment. That depending on the conditions of the
termination of the relationship, the seniority premium may be added.
 Salary pending payment: 1,000 pesos
 Annual bonus: 986.16 pesos
 Proportional part of vacations: 657.36 pesos
 Proportional part of vacation bonus:164.34 pesos
 Estimated amount for the severance payment.
Settlement Payment Calculation Procedure
The settlement or indemnity is calculated based on the legal grounds of the following
articles according to the situation:

Indemnity of 90 days- Art. 50, 84 and 98 LFT.

Seniority of 12 days for each year worked - Art. 162 LFT

20 days of salary for each year worked. Art. 50, 84 and 89 LFT

The liquidation and severance payment of an employee who worked for an indefinite
wages and salaries for an indefinite period of time, having the following information:

Worker's condition:

Name of employee: Roberto Gómez

Duration of the labor relationship: Undetermined

Date of entry: June 16, 2009

Date of separation: April 15, 2011

Time worked: 1 year, 10 months

Monthly salary: $6,800.00

Vacation: 8 days per second year

Vacation bonus: 25% of the salary corresponding to the number of vacation days
per year.

Severance pay: 3 months' salary

Seniority premium: 12 days of salary per year

Annual bonus: 15 days of salary

Annual salary: General minimum wage economic zone "A" $57.46

Benefits: Minimum by law.

1. Determination of integrated daily wage (Art 84 LFT)

Monthly salary $ 6,800.00 divided by 30 days = $ 226.66 daily salary.

The vacation bonus is 25% of the salary corresponding to the number of days of
vacation.

The number of vacation days is multiplied by the daily salary, then multiply by the %
of the vacation premium and divide by 356 days.

The number of vacation days is multiplied by the daily salary, then multiply by the %
of the vacation premium and divide by 356 days of the year of the year.

8 x 226.66 = $ 1,813.32 x 25% = $ 453.33 / 365 = $ 1.24 per day.

The annual bonus is equal to 15 days of salary and must be divided by 365 days:

15x 226.66 = $3,400 / 365 = $9.31daily.

The sum of all the above items results in the following integrated daily salary:

Daily salary: $226.66

Vacation bonus$ 1.24

Severance payment $ 9.31

Daily wage $237.21

Integrated monthly salary ($ 237.21 x 30) $ 7116.30

Liquidation:

2. Calculation of settlement payments:

Pursuant to Article 50, section II of the LFT, in the case of an employment

relationship for an indefinite period of time, severance indemnities are the severance
indemnities consist of 3 months' salary and 20 days for each year of service for each
year of service.

2.1 Months' salary

 Integrated monthly salary x 3 months of indemnity. $ 7,116.30 x 3 = $
21,348.90 $21,348.90
2.2 Twenty days of salary for each year of service rendered.

Integrated daily salary x 20 days for each year of service, plus the proportional part
corresponding to 300 days for each year of service. Proportional part corresponding
to 300 days

$ 237.21 x 20 = $ 4,744.20

For the proportional part of the 300 days we have:

237.21 x 20 / 360 = 13.1783 proportional days.

13.1783 x 300 = $ 3,953.49

20 days per year we have $4,744.20 + $3,953.49 = $8,697.70

2.3 Seniority premium 12 days of salary for each year of service

Integrated daily salary X 12 days for 1 year of service, plus the proportional part
corresponding to 300 days corresponding to 300 days.

In terms of the provisions of article 486 of the law in this matter, we have:

General minimum wage in geographic area "A" = $57.46 x 2 =$ 114.92

114.92 x 12 days per year = $ 1, 379.04

114.92 x 10 = $ 1, 149.20

Total seniority premium = $ 2, 528.24

The total amount of the settlement amounts to 3 months of salary $21,348.90 days
per year $ 8,697.70

Seniority premium $2,528.24

Total severance payments $ 32,574.84

Procedure for calculating ISR according with the regulations of the current
ISR low.
To determine the ISR, the exempt amount of the vacation bonus must be
calculated, which is obtained by calculating 15 times the UMA and the rest will be
taxable. Subsequently, the taxable amount of the severance payment is calculated,
which will be taxable if the amount is greater than 30 UMAS. Next, the taxable
base is obtained, the lower limit is added according to the miscellaneous tax law of
the year in which it is being calculated, the excess limit is obtained by means of a
subtraction, the percentage applicable to the excess limit is added to the result and
a multiplication is made, the fixed fee and the subsidy are added to the result.

Use of specialized software in off-cycle payroll in the determination of

settlement and severance.
A payroll software is a digital program, hosted in the cloud or locally, for a
company's payroll management and information storage. The program will take
care of calculating the salary of your employees with all and deductions, variables
such as overtime, taxes and discounts according to the contract. It will also
optimize the management of human resources by allowing you to archive all the
corresponding data of your employees such as their hiring documents and payroll
generated.

Bibliography

Quezada, K. (s.f). Cálculo de liquidación e indemnización por despido en México.

Soluciones fiscales.

Contador contado. (2018, 19 octubre). Cálculo de liquidación y finiquito 2022 y

calculadora GRATIS. [Vídeo]. YouTube.
https://www.youtube.com/watch?v=vRGy2kvD6Uk