Everyone knows that taxes come out of their paychecks, but exactly why the taxes are removed may be less clear. For instance, the OASDI or OASDI/EE tax listed on a pay stub is not a tax one hears ...

The OASDI tax funds Social Security. It stands for Old-Age, Survivor and Disability Insurance. It’s better known as the Social Security Tax, and is one of the two FICA (Federal Insurance Contributions ...

Social Security is a federal program that pays retirement, disability and survivors' benefits to qualifying people. Many, or all, of the products featured on this page are from our advertising ...