What is Social Security tax?
Social Security tax is 6.2% of your wages, up to an annual wage cap, withheld to fund Social Security.
Social Security tax, also called OASDI (Old-Age, Survivors, and Disability Insurance), is withheld at 6.2% of covered wages.
It stops for the rest of the year once your earnings pass the annual wage base, which changes each year. Some pre-tax benefits, like health insurance through a cafeteria plan, reduce the wages it applies to.
Where to find it on your paystub
Labeled Social Security, Soc Sec, OASDI, or FICA-SS.
Example
On $2,319.40 of covered wages, Social Security is about $143.80.
StubParse reads every line of a paystub, including this one, and checks the math adds up.
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