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On your SMART LEAVE AND EARNINGS STATEMENT, what does OASDI, under Deductions, stand for.
What is OASDI?
The Old-Age, Survivors, and Disability Insurance (OASDI) program, usually known as Social Security, is a federal program that provides the primary method for retirement, disability insurance, and Medicare benefits to retired workers in the United States. OASDI is primarily funded through payroll taxes (income withheld from paychecks), which are set at certain levels for most workers in the United States depending on income and other factors.