What is the difference between FICA-OASDI and FICA-HI?

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What is the difference between FICA-OASDI and FICA-HI?

Are these two seperate taxes or both the same just split up?

2007-01-28 11:21:13 · 2 answers · asked by tracymae@sbcglobal.net 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

FICA-OASDI are social security taxes (Old Age and Survivors Disability Insurance). They take 6.2% of your earnings up to a certain amount each year. FICA-HI is Medicare (Health Insurance). They take 1.45% of all of your earned income.

2007-01-28 14:49:41 · answer #1 · answered by TaxMan 5 · 1⤊ 1⤋

Fica And Oasdi

2017-01-17 17:42:38 · answer #2 · answered by heptinstall 4 · 0⤊ 0⤋