OASDI (Old-Age, Survivors, and Disability Insurance) tax is one of the two FICA (Federal Insurance Contributions Act) taxes that employers are required to pay on an employee’s wages, tips, and salaries. FICA taxes and benefits are divided into two parts: OASDI Tax also known as Social Se...
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...