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Although some payroll deductions like IRS withholding may be refunded when you file your income tax return, there are others that don't come back to you. This is because the U.S. federal government uses some deductions to fund federal programs. The code Fed OASDI/EE on a paycheck indicates...
Fed Med/EE tax is the federal Medicare tax. The Medicare tax is collected on all wages earned in the United States, with only a few rare exceptions. The Medicare tax is 2.9 percent of all wages. Half of that amount (1.45 percent ) is withheld from the em