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What Are OASDI Contributions and Why Do They Matter?
4 mn readOASDI contributions fund the Social Security program, which provides retirement, disability, and survivor benefits. Employees and employers pay into OASDI through payroll taxes, while self-employed individuals pay both portions. The amount paid is based on a percentage of earnings, with an annual wage base limit. Understanding OASDI is crucial for financial planning, ensuring […]Continue reading "What Are OASDI Contributions and Why Do They Matter?"