answersLogoWhite

0

OASDI stands for old age, Survivor and disability insurance. It is more commonly known as social security. This system has many subsections, from providing benefits for the elderly, sick or unable to work to providing basic medical care to everyone.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

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 does FIT stand for in the payroll process?

what does 'fit' stand for in the payroll deduction process


When did the fica oasdi start?

The Federal Insurance Contributions Act (FICA) Old-Age, Survivors, and Disability Insurance (OASDI) program began on January 1, 1937. This program was established as part of the Social Security Act of 1935, which aimed to provide financial assistance to retirees and disabled individuals. Initially, the OASDI program collected payroll taxes to fund these benefits.


What does AR stand for as a payroll deduction?

What does AR mean in a payroll deduction


What is ny oasdi ee?

why iam I paying fed oasdi/ee and ny oasdi/ee isn't it the same thing


What does the acronym OASDI stand for?

OASDI stands for Old-Age, Survivors, and Disability Insurance. It is a federal program in the United States that provides financial support to retired individuals, survivors of deceased workers, and individuals with disabilities.


What does FIT stands for in the payroll deduction process?

what does 'fit' stand for in the payroll deduction process


With what versions of Windows is Check Mark payroll software compatible?

Check Mark payroll software is one of the most popular payroll programs out there. Check Mark payroll is compatible with windows 7 and before. They are constantly improving it to work with later versions.


Where can one cash a payroll check?

There are several ways to cash a payroll check; the easiest way is to take the check to your bank and have it cashed. Other alternatives are visiting your local check cashing establishment. There is a fee that is taken off the total amount of the payroll check. Make sure to bring identification with you to ensure quicker cashing of the payroll check.


What type of id is valid for cashing a payroll check?

You need a passport or Drivers Licence to cash a payroll check


Employers usually prepare which types of payroll records?

payroll register, employee earnings record, and payroll check


What is a source document for payment payroll?

A check is the source document for the payment of payroll.