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Payroll


OASDI

OASDI stands for Old Age Survivors Disability Insurance. Social Security's contributions are funded by both the employee and the university. Each contributes 6.2% of gross salary for a total of 12.4%. Cafeteria plans (flexible spending/pre-tax health insurance) reduces the gross salary and is not subject to Social Security contributions. Student employees are exempt from Social Security and Medicare taxes when enrolled and attending classes.