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Q: When did the fica oasdi start?
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What is federal FICA?

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.


What if your pay stub deducts money for FICA what does that mean?

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.


What are two of the programs that FICA funds?

Social Security and Medicare are funded by FICA


What tax deductions can not appear on a payroll withholding statement?

There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.


What do FICA taxes pay for?

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax. Go to the SSA.gov SOCIAL SECURITY ONLINE web site


What does fica pay for?

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax. Possible future social security benefits and some medicare insurance coverage.


What does fica mean on your check stud?

(FICA) FEDERAL INSURANCE CONTRIBUTIONS ACT. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.


What is social security and Medicare?

The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.


What type of tax pay for your monthly income when you retire?

OASDI (Old Age Survivors and Disability Insurance), FICA, SSB, (Social Security and Medicare tax) they all mean the same thing.


Is ssi public assistance?

No it is NOT public assistance for every one. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.


Do you pay income tax on FiCA?

Federal Insurance Contribution Act (FICA) Yes it is possible when you start receiving your social security benefits that you qualify for. From 50% to 85% of the amount that you receive COULD become taxable income on your 1040 federal income tax return WHEN you are receiving any other sources of worldwide income during the tax year. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.


If Still working at 65 do you still pay fica taxes?

Sure you do still pay your share of the FICA (social security and medicare) (OASDI) taxes on your earned income as long as you are providing your services to earn the income and are still breathing.