Question 1

How is net salary calculated in Guatemala?

Accepted Answer

Net salary is calculated by subtracting mandatory deductions from gross salary: IGSS (4.83%) and ISR (Income Tax). ISR is calculated on annual income minus the Q48,000 personal exemption and IGSS contributions.

Question 2

How much does IGSS deduct?

Accepted Answer

IGSS deducts 4.83% from the employee's gross monthly salary. This covers EMA, IVS, and PECEF programs.

Question 3

What are Bono 14 and Aguinaldo?

Accepted Answer

These are mandatory labor benefits in Guatemala. Bono 14 is paid in July and Aguinaldo in December. Each equals one full monthly salary.

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