FICA-OASDI taxes are Social Security and Medicare taxes. The 2019 rate for FICA tax is 6.2 percent of your pay (employers also pay a matching 6.2 percent of your pay), to an income cap of $132,900. And the 2019 rate for Medicare is 1.45 percent, with a matching employer 1.45 percent...
There is a cap on annual earnings for which you pay Social Security tax. The maximum earnings subject to the tax is $160,000 in 2023 and $168,600 in 2024. Income above those amounts is not subject to further OASDI tax.13 OASDI Program Criteria ...