If the social security base in Ningbo, Zhejiang is 17,600 yuan, the individual's deduction amount is calculated based on different insurance types and their corresponding contribution rates. Here's a breakdown:
- Pension Insurance: The individual contribution rate for pension insurance is 8%. So the amount deducted for pension insurance is yuan.×8%=
- Medical Insurance: The individual contribution rate for medical insurance is 2%. Thus, the amount deducted for medical insurance is yuan.×2%=
- Unemployment Insurance: The individual contribution rate for unemployment insurance is 0.5%. Therefore, the amount deducted for unemployment insurance is yuan.×0.5%=
- Work-related Injury Insurance and Maternity Insurance: Workers do not need to contribute to work-related injury insurance and maternity insurance, so the individual deduction amount for these two types of insurance is 0 yuan.
In summary, when the social security base in Ningbo is 17,600 yuan, the total amount deducted from the individual is the sum of the deductions for pension, medical, and unemployment insurance, which is