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...
Medicare tax is similar to the Social Security tax (Fed OASDI/EE Tax). The Social Security tax is higher (12.4 percent in 2013) but is collected in the same way as the Medicare tax. Many people refer to the Social Security Tax and the Medicare tax collectively as the FICA tax, or the...
What is an economic crisis? Where do outstaning checks come from? What is federal withholding? What is cyclical unemployment? What are ACH payments? What is a furlough? What is a superannuation contributions tax? What is a tax incentive? What is OASDI tax? What are payroll benefits? What ...