OASDI tax, also known as Social Security tax, funds the Social Security program in the U.S. It stands for Old-Age, Survivors, and Disability Insurance. Employees and employers each pay 6.2% on wages up to a certain limit. Understanding this tax can be crucial for financial planning.
How do you feel about how much Social Security taxes impact your paycheck? Is there something specific about OASDI tax you're curious about?