Rostyslav Pavlenko

Currency unit: Ukrainian Hryvnya (UAH)
Official Exchange Rate: $1=UAH 5.4152
Market Exchange Rate: $1= UAH 5.53

Gross Wage	X
Pension Fund (employer pays)	P1 = X * 0,31
Employment Fund (employer pays)	Z1 = X * 0,015
Social Security Fund (employer pays)	SS1 = X * 0,04
Pension Fund (employee pays)	P2 = X * 0,01	If X 150 UAH, sum of (X-150) is taxed by K = 0,02 (2%)
Employment Fund (employee pays)	Z2 = X * 0,005
Income Tax	IT = X * Kit	Kit is calculated progressively: 0- 17 UAH - 0 17- 85 UAH - 10%; 85- 170 UAH - 6.8 UAH + 15%; 170- 340 UAH - 19.55 UAH + 20%; 340- 680 UAH - 53,55 UAH + 30%; Over 680 UAH - 155.55 UAH + 40%.

Wage Fund = X +P1 + Z1 + SS1 (i.e., wages + payments due from the employer)
Salary Payment = X - P2 - Z2 - IT (i.e.. wages - payments due from the employee)

(Thus, if one wants his/her employee to receive X Ukrainian Hryvnyas, s/he has to provide for X+(P1+Z1+SS1)+(P2+Z2+IT) = approximately X+0,725*X in his/her budget...