Federal Insurance Contributions Act (FICA): FICA is a U.S. law that requires employees and employers to contribute a portion of their wages to fund social security and Medicare programs.
Old-Age, Survivors, and Disability Insurance (OASDI): OASDI refers to the benefits provided by the Social Security Administration for retired individuals, survivors of deceased workers, and disabled individuals.
Medicare: Medicare is a federal health insurance program administered by the Social Security Administration that provides coverage for certain medical expenses for eligible individuals aged 65 and older or those with disabilities.