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Mexican Minimum Wage Calculations
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Pesos
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Minimum Wage Daily
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$49.06
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Salary Composition
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Base Annual Salary (min. wage 365 days)
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$17,906.90
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Christmas Bonus (15 days min. wage)
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$735.90
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Profit Sharing (12 days per year)
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$588.72
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Total Salary
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$19,317.37
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Taxes and Required Fringe Benefits
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Paid by Employer
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5% Housing
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$965.87
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2.08% State and University
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$401.80
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Social Security
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$4,442.99
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2% Retirement Fund (SAR)
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$386.35
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Total Taxes
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$6,197.01
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Additional Fringe Benefits
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Savings Fund (10%)
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$1,931.74
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Cafeteria
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$4,790.48
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Transportation
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$1,845.84
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Uniforms
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$224.64
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Attendance Bonus
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$1,123.86
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Food Bonus
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$5,158.48
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Total Benefits
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$21,272.05
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Total Cost of Min Wage Employees w/ benefits per year
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$40,589.42
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Note: $40,589.42 pesos per year equates to $3,721.75 US dollars.
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