taxes






 

Question by  mel70 (31)

What does OASDI/EE mean on my paycheck?

It appears to be a tax code, but I don't know what it means.

 
+6

Answer by  Chaneygirl (1755)

This means Old Age Survivor's Disability Insurance/EmployEE. Which means the amount of FICA or social security that is being withheld or your portion. It may or may not include Medicare, depending on how your employer's payroll system is set up. If Medicare is listed as a separate deduction, then it is not included.

 
+4

Answer by  blahblah (670)

OASDI, or Old Age Survivors Disability Insurance, is the official name for social security. OASDI/EE is your contribution as the employEE. OASDI is sometimes called SS or FICA (though FICA also includes your Medicare contribution).

 
You have 50 words left!