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Mexican Minimum Wage and Benefits
Mexican Minimum Wage Calculation
Pesos U.S. Dollars
Minimum Wage/daily $         46.80 4.25
Salary Composition
Base annual salary (minimum wage 365 days) $  17,082.00 $1,552.90
Christmas bonus (15 days minimum wage)             $       702.00 63.81
Vacation bonus (25% of 7 days x minimum wage)      $         81.90 7.44
Profit sharing (12 days per year)                  $       561.60 51.05
Total Salary $  18,427.50 $1,675.22
Taxes and Required Fringe Benefits Paid by Employer
5% housing                                         $      921.37 $83.76
2.08% state and university                  $      355.30 32.3
Social Security                                   $   4,270.50 388.22
2% Retirement fund (SAR)                           $      341.60 31.05
Total Taxes  $   5,888.77 $535.34
Additional Fringe Benefits - Optional
Savings Fund (10%)                                      $   1,708.20 $155.29
Cafeteria                                         $   4,270.05 388.22
Transportation                                   $   1,708.20 155.29
Uniforms                                           $      192.31 19.23
Attendance bonus                                   $      982.80 89.34
Food Bonus                                         $   4,270.05 388.22
Total Benefits $ 13,131.61 1193.78
Total Cost of Minimum Wage Employees with benefits per year
$ 37,447.88 $3,404.35
Cost per hour                                $       15.65 $1.42
Note:  Exchange rate is calculated at 11.0 pesos to the dollar  
Hours worked per day 8/48 hour work week
Hours worked per year   2,392 
Total days worked per year 299
Actual days per year less
     52 Sundays
     52 Saturdays
      7 holidays
      7 vacation days (1st year)