Old-Age, Survivors, and Disability Insurance (OASDI)
The Old-Age, Survivors, and Disability Insurance program, commonly referred to as OASDI or simply Social Security, offers financial assistance to individuals who are retired, have a disability, or are surviving family members of deceased workers. OASDI, along with Medicare, comprises the taxes collected under the Federal Insurance Contributions Act (FICA), which amounts to a combined […]