Friday, August 08, 2008

OASDI?


I received my pay stub today with all the itemized deductions taken for federal, state, and city tax, etc. But when I looked at the form, nobody could tell me what OASDI stood for. That takes quite a chunk each week. What's the deal? Someone suggested it had to do with the Ohio Auto Dealers Association, but the acronym didn't quite fit. So, when I got a few minutes break, I looked it up on the internet.
Old age, survivors, and disability insurance. The official name for Social Security.

www.investorwords.com/5688/OASDI.html


No comments: