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Ángel Bosh is a contador (accountant) who earns a monthly salary of $3,500 with a monthly bonus of $1,000, bringing his total monthly remuneration to $4,500. From this amount, 6% is deducted for IPSS contributions, another 6% for SNP contributions, and 5% for FONAVI contributions, totaling deductions of $765. The employer additionally deducts 12% for IPSS, 12% for SNP, and 10% for FONAVI, totaling $1,530 in deductions. After all deductions, Ángel's net monthly pay is $5,265.
