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General Nature of the OASDHI Program

Eligibility and Qualification. 1.Quarter of coverage2.Fully insured status3.Currently insured status. Financing. 1.FICA tax: originally 1%, 7.65% by 1998 (payable by employer and employee).2.The tax base: originally $3,000, $64,800 by 1998.3.Self-employment tax: originally about 1.5 tim

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General Nature of the OASDHI Program

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