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Mid-year settlement of social security fund
What does it mean to deduct social security fees from the total project cost?
A: The social insurance premium is accrued according to the total project cost. This amount has been included in the settlement of the construction unit, but the cost shall be borne and paid by the construction unit. Therefore, the settlement amount of the construction unit should be deducted according to the regulations and left to the construction unit for them to pay.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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