On my paycheck what do Fed MED/EE and Fed OASDI/EE mean?

Answer 1

Fed MED/EE means Federal Medicare Employee Employment Tax. Fed OASDI/EE means Federal Old Age Disability Insurance Employee Employment Tax. You are not getting cheated, just about everybody that has a job on the books contribute to this tax. On the Fed OASDI/EE you are taxed 6.2% of your gross pay unless it is over $90,000 annually. On the Fed MED/EE you are taxed 1.45% of your gross pay unless you earn over $90,000 annually. Also your employer has to match the tax paid for on the Fed MED/EE and Fed OASDI. You contribute 7.65 % and the company contributes 7.65% which is not included on the paycheck. I hope this answers your question.

Answer 2

Fed Med Ee

Answer 3

Fed Oasdi

Answer 4

During tax season when calculating your Fed withholding s, Do you add Fed MED/EE and Fed OASDI/EE with your Fed withholding as one lump sum or just use the Fed Withholding?

Answer 5

This Site Might Help You.

RE:
On my paycheck what do Fed MED/EE and Fed OASDI/EE mean?

Answer 6

MED/EE = Medicare (EE stands for the employee's portion, the employer also pays into medicare for each employee - that is noted as ER, but may not be shown on your check statement)
OASDI = disability (Old Age Survivors Disability Insurance, part of SS)

Answer 7

For the best answers, search on this site https://shorturl.im/avCab

Those are your contributions to Social Security (OASDI) and Medicare (MED). The MED figure should be 1.45% of your gross pay (but remember to deduct anything taken out of your pay for your employers health plan). The OASDI figure will be 6.2% of the same figure unless you are earning more than about $90,000 per year. you should ensure these are deducted each paycheck. If they are not you will get fewer benefits than you anticipated when you retire.

Answer 8

It stands for The Government is shafting every American to help fund their special interest wars and million dollar cocaine party's also known as Congress vacations. All other answers is just what the Capital hill gang wants you to think..

Answer 9

Hmmm.Dunno. But i bet your Human Resource Dept will be able to tell you. It looks like its for your medical insurance, but to be sure your not paying something that you dont need check with HR.

Answer 10

is it the same as fica