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What is OASDI Tax and what does it mean?

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If you look closely at a paycheck stub or the statement that contains the information of a payroll check, you may notice an item or deduction item labeled ” OASDI ” and ask yourself what is OASDI? What does it mean?

Well, OASDI is the acronym in English for “Old Age, Survivors and Disability Insurance”. In a paycheck, OASDI refers to taxes that are collected on personal income. These retained funds will be destined to finance the Social Security programs.

For payroll purposes, OASDI means a tax deducted from wages or salaries. One of the ” payroll tax ” deductions in the United States that is required by law.

Part of the security system federal social , which is the responsibility of the Administration Social Security (SSA or Social Security Administration ).

Sometimes the OASDI payroll deduction can also be called a FICA tax .

FICA refers to the Federal Insurance Contributions Act , legislation that authorizes the federal government to collect this tax that finances social security in the US .

The OASDI, better known as Social Security , provides benefits to tens of millions of people in the United States. The Official Blog of the Social Security Administration explains what FICA is .

The OASDI program was created when President Franklin D. Roosevelt signed the Social Security Act on August 14, 1935.

Today, the Federal OASDI program provides monthly retirement benefits to those who reach full retirement age and assistance to the surviving children of deceased workers.

The OASDI also provides benefits to people with disabilities who are unable to work and earn enough to live.The program began as a modest effort to help older workers during the Great Depression. However, it has grown to become the largest system of its kind in the world. The Social Security Administration is responsible for Medicare health insurance as well as OASDI.

Together, they qualify as programs that provide a comprehensive benefits system for tens of millions of Americans.

As of 2018, the OASDI tax rate was 6.2 percent of earned income before deductions are subtracted .

For example, if an employee’s gross salary reaches $ 1,000 per month, then $ 62 is deducted from his total paycheck for OASDI .

How do OASDI taxes work?

Funds withheld by the employer must be reported to the federal government. The state, through the SSA, manages these funds in two trusts:

The first corresponds to the  Trust Fund Insurance Old Age and Survivors (OASI or Old-Age and Survivors Insurance Trust Fund) for retirement and a second Trust Fund Disability Insurance (DI or Disability Insurance Trust Fund) for disability.

Investopedia.com offers other details about how the Old Age, Survivors and Disability Insurance Program (OASDI) works .

It should be clarified that the FICA tax does not apply to “unearned income” that is, those that do not derive from an employment relationship, such as interest and earnings from shares.

Remember that “earned income” means any wages, tips, and other work payments that you receive.The OASDI deduction only applies to the first $ 137,700 of your earned income per calendar year. Thus, if your earnings reach that amount before September 30, you will not have to pay social security taxes on your additional wages until December 31.

How much is the tax rate for the OASDI Program?

SSA fixed every year the tax rate for the OASDI , Medicare and Program Supplemental Security Income (SSI or Supplemental Security Income), although since 2018 the tax rate for OASDI has remained at 12.4 percent.

Of which 6.2 percent is deducted from your paycheck and another 6.2 percent is covered by the employer as a work benefit.In other words, for every dollar deducted from the OASDI Program, employers pay an equal amount.

Individuals who are self-employed or self-employed must contribute the employee and employer portions. What this means is that the self-employed OASDI rate equals 12.4 percent .

It is important that employees pay the OASDI Program tax , because the amount they contribute today determines the size of their future Social Security benefit checks .

There is an annual limit on the amount of income that is subject to the OASDI tax and this limit can vary from year to year.

Called the salary base or annual taxable maximum, this limit was US $ 128,400 as of 2018 and for 2020 it is US $ 137,700. The taxable maximum is adjusted each year, based on changes in average wages.

On the official website of the Social Security Administration , Research and Statistics section, you can see the maximum annual taxable income and the rate that apply for the OASDI program .

OASDI and MedicareMedicare is the health insurance program run by the Social Security Administration that provides coverage to the elderly and disabled who qualify for Social Security disability income benefits.

It is a separate program from OASD I , but supplements the cash benefits of federal old age and disability coverage .

Like OASDI , Medicare is funded by a payroll tax and employer contributions.

The Medicare tax rate has remained at 1.45 percent, under the same scheme: 1.45 percent is deducted from your payroll and another equivalent percentage is provided by your employer as a benefit by law.

Unlike the OASDI for Medicare, there is no maximum amount of taxable earnings. 2.9 percent is taxed on all earned income .

For Daniel, journalism is a way of life. He lives and breathes art and anything even remotely related to it. Politics, Cinema, books, music, fashion are a part of his lifestyle.

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Children

Tommee Tippee: A Trusted Brand for Baby Feeding Essentials

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set silicone nipple bottle glass designed feeding baby milk dairy products fruit juices bottles 112702859

Tommee Tippee, a name synonymous with baby care and feeding, has earned the trust of parents around the world. Since its inception, this brand has dedicated itself to providing top-quality baby feeding essentials, and in this article, we will delve into what makes Tommee Tippee a trusted choice for parents worldwide.

Welcoming a new member into your family is a momentous occasion, and ensuring that your little one receives the best care and nourishment is of paramount importance. Tommee Tippee, a leading brand in the world of baby care, has been a reliable companion to parents for decades.

Tommee Tippee: A Brief Overview

Founded in 1965, Tommee Tippee has consistently set high standards in creating innovative baby products. Their mission revolves around making parents’ lives easier while ensuring the utmost comfort and safety for infants.

History of Tommee Tippee

With a rich history spanning over half a century, Tommee Tippee has become a household name. The company’s journey is marked by constant innovation, and its products have evolved to meet the changing needs of parents and babies.

Product Range

Tommee Tippee offers a diverse range of baby feeding essentials, from baby bottles and pacifiers to breast pumps and sterilizers. Their products are designed to simplify the challenges that come with raising an infant.

Why Parents Trust Tommee Tippee

The trust parents place in Tommee Tippee is well-founded. This brand has consistently delivered high-quality, safe, and reliable products that cater to the needs of both babies and parents.

Innovative Design and Technology

Tommee Tippee’s commitment to innovation is evident in their product designs. The brand is known for introducing features like anti-colic valves, ergonomic bottle shapes, and easy-to-use breast pumps, making life easier for parents.

Safety and Quality Standards

Tommee Tippee adheres to the most stringent safety and quality standards. Their products are free from harmful chemicals like BPA, ensuring that babies receive the purest nourishment.

Tommee Tippee’s Commitment to Sustainability

In a world where environmental consciousness is essential, Tommee Tippee is taking steps to reduce its carbon footprint. They are committed to creating sustainable and eco-friendly baby products.

Awards and Recognition

Tommee Tippee has received numerous awards and accolades for its exceptional products. These accolades serve as a testament to the brand’s dedication to excellence.

The Importance of Baby Feeding Essentials

Baby feeding essentials play a crucial role in the early stages of an infant’s life. Choosing the right products is essential for the child’s well-being and the parents’ convenience.

Choosing the Right Products

Selecting the appropriate baby feeding essentials can be overwhelming. Tommee Tippee’s wide range of products allows parents to make choices tailored to their baby’s unique needs.

Where to Purchase Tommee Tippee Products

Tommee Tippee products are readily available in stores and online. Their accessibility ensures that parents can find the necessary items with ease.

Real-Life Testimonials

Let’s hear from some real-life parents who have experienced the benefits of Tommee Tippee products firsthand. Their stories reflect the trust and satisfaction the brand has instilled in parents.

Conclusion

In conclusion, Tommee Tippee’s legacy of trust, innovation, safety, and quality makes it the go-to brand for baby feeding essentials. When it comes to providing the best for your little one, Tommee Tippee is a name you can rely on.

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Bollywood

What you Need to Consider Before Choosing a Dance School?

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Do you want to take your love for dancing to another level? Then it is time that you find the right dance school that can help you polish your skills and help you emerge as a great dancer.

For people, dancing is a form of art and for some; it is a way to relieve stress. Whatever the case, if you want to enhance your skills and learn new techniques the proper way, the instructor you choose will play a crucial role.

People have lots of choices when it comes to choosing a dance school. However, with more options, the more overwhelming it gets when selecting a dance school. The Best Dance School in Kolkata will provide your child with all the amenities to develop his/her skill.
With that said, here are some pointers to keep in mind when choosing a dance school to pursue the hobby further.

Let’s get started.

#1 The quality of dance education

In the modern-day and age, the majority of the dance schools in Kolkata aren’t just limited to teaching and practicing just a single dance form. The best schools offer classes for a variety of dance forms and types including Bollywood Dance, Creative Dance Forms like Rabindra Nritya, and Indian Classical Dance Forms like Kathak and Bharatanatyam. Since the forms are diverse, it is important to determine whether the dance school you are opting for is capable of teaching you the dance form you want with perfection.

Dance education requires the skill of highly trained, motivated, and qualified choreographers and educators to teach and get the most out of the students. That means it requires a well-developed, age-appropriate curriculum. The majority of the dance classes rely on the skills of the choreographers and dance teachers to create guidelines, structure, choreography, and curriculum for individual classes of different types.

Thus, it is important that the dance school you choose for you or your child must incorporate experienced and quality educators. The role of experienced educators becomes highly important if there’s a specific dance form that you want to learn or master with perfection.

#2 Choose a dance school based on your goals

This is the most important aspect to consider when choosing a dance school in Kolkata. Why do you want to learn dancing? Is it to take part in dance competitions? Or want to upgrade or polish on skills that you are already aware of? Most dance schools prepare students for competitions where they enter into local, regional, and national dancing events. If you want to take part in dancing events, you would need a dance school with instructors who are dedicated to training you for the competition. On the other hand, if you just want to pursue dancing as a hobby and want to learn as many forms as you want, you can look for a dance studio, which deals in this aspect.
Some dance schools provide opportunities for young dancers to take part in top-notch training that prepares the students for a professional career in performing arts. Such schools are renowned for training critically acclaimed dancers who are now spreading the dance form in various parts of the country.

#3 The size of the class also matters

If you were training for the competition, you would want an environment where you could spend more time with the instructor. However, if the class you are in have plenty of other students as well, it will be difficult for the instructor to focus on you. So the size of the class also matters. Before you enrol for a dance class, ensure that the strength of the class is under the minimum so that you can
practice in a better environment.

On the other hand, if you are just learning how to dance, or as part of your exercise regime, the strength of the class doesn’t matter. In such type of classes, the instructors focus more on making every student move rather than correcting them. The goal of such classes is to make students sweat while having fun.

So, you need to be clear which class you will be taking.

#4 Can I watch the dance class

For parents, who are concerned about their children’s daily progress, some dance studios allow them to sit in on each and every class. This is especially for children who are just toddlers or still too small for the platform. Parents can keep an eye on their children and make sure that they are adapting the change that has been implemented in their lifestyle. Well, it doesn’t require parents to be in each and every class of their child. They are relieved once their child starts getting used to the environment and make a few friends. But still, if you are concerned about this aspect, you need to search for a dance school that allows parents to be there, at least for a couple of weeks.

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Children

Coronavirus: Centers for Disease Control and Prevention and Public health

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CDC experts say that China’s lack of data on the Wuhan coronavirus limits international efforts to quench the outbreak.

Although the consultants commended Chinese researchers in just a few weeks ‘ time to map the genome of the virus, there was clearly a lack of epidemiological evidence as to who is infected by the virus and how the virus spreads.

“It is Epi 101,” said Dr. William Schaffner, medical director of the National Infectious Diseases Foundation and a long-standing CDC consultant. The Wuhan virus spreads as China locks up cities and scraps New Year’s celebrations. The Wuhan virus spreads as China locks cities and scraps cities and festivities the virus spreads, as China locked cities and scraps new year’s celebrations.

On 31 December the first cases were reported to the World Health Organization, with 44 cases in China by 3 January. Currently, not even three weeks later, over 600 cases have occurred, and the epidemic has spread to Thailand, South Korea, Japan, Singapore, Saudi Arabia and the USA, where there is only one case.

As no vaccine is available against this new virus, the advice of the CDC indicated that public health measures such as early capture cases and quarantine rules are important. Yet they agree it is difficult to know who can be quarantined, and how long without understanding how infected people are, how long they are able to spread the virus to others.
“This knowledge is extremely important. It shows you how to treat an outbreak and what you should look for and who to think about,” said Dr. Paul Offit, a specialist in pediatric infectious diseases at the University of Pennsylvania’s Perelman School of Medicine and a longtime CDC advisor.

Disease detectives searching for more details on Wuhan Coronavirus’s’ super spreading tools ‘ Disease detectives search for more information regarding Wuhan coronavel virus’s’ super spreader’ At a press conference on Wednesday in Beijing, Li Bin, the Chinese Vice Minister of National Health, said his country is’ engaged’ in the public and international disclosure of information

On Thursday, Chinese authorities provided new epidemiological information to top officials from the World Health Organization, which reported a growing number of cases, suspected cases, the affected Provinces and the proportion of fatalities. They have reported cases of the fourth generation in Wuhan— which means that a person infected can give the virus to a third person who can give it to a fourth person. According to a WHO media release, they reported second-generation cases outside Wuhan, and also clusters outside Hubei province.

But the advisors of the CDC said that wasn’t almost enough. They said that there are still very specific pieces of information missing on the spread of the Wuhan coronavirus.

Of these: how many of the 600 cases were contracted by the virus from the handling of animals on the farm where that virus emerged and how many were contracted by people on the street?

Were they family members of people who are sick on the street or colleagues sitting beside each other at work, among those who never went to the market? Or perhaps they don’t know anyone who is sick, and where they caught it isn’t clear?

Looking at the chain of infection, do people spread the disease before they have symptoms or are they recovering?
Wuhan: The main coronaviral outbreak Wuhan: Answers to these concerns will help authorities assess the length of time they should isolate diseased patients and who must be quarantined to determine if symptoms grow. Wuhan:

Inside the Chinese city at the core of coronavirus outbreak Wuhan:

Patricia Stinchfield, Vice President of the National Foundation for Infectious Diseases and CDC Advisor said “You have to consider how this is spreading. Stinchfield, a pediatric infectious healthcare nurse, and senior infection control specialist at Minnesota Children’s Hospital, and Schaffner, an infectious disease doctor at Vanderbilt University Medical Center, are both linkers to the CDC’s advertisement center, who has moderate or severe disease. How many people are hospitalised?

Between 1998 to 2003, Offit was a voting member of this group and has been working on CDC working groups since then.

How about Coronavirus do you need to know?

02:29 A CDC spokesman declined to comment on the story.

A WHO official has said he acknowledges the frustration of a lack of epidemiological knowledge, but it is likely that some CDC workers know the answers and have not yet transmitted them to the public or advisors.

At the start of the outbreak, Dr. David Heymann, Chair of the WHO Infectious Risk Strategic and Technical Advisory Group, said that sometimes different groups know different pieces of information.

“The CDC may have access to WHO-free information, and vice versa,” he said.
Generally speaking, the more detail public health officials learn, the better.

“The more you learn, the more you can identify and control what the problem is,” he said.

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