Here are three of the more common types of professional liability insurance: 1  Malpractice insurance: This coverage is designed especially for medical professionals. It protects against suits that allege negligence or mistakes.
June 28, 2009. Besides regular income tax, federal laws require your employer to collect Social Security and Medicare taxes separately and send in the money to pay for your coverage under these plans. OASDI is the government acronym for Old Age, Survivor and Disability Insurance, better known as Social Security. Pay slip with pen and notebook.
The third component of your tax rate is the unemployment Obligation Assessment (OA). The purpose of the OA is to collect amounts needed to pay bond obligations due in 2016 and also collect interest due on federal loans to Texas used to pay unemployment benefits.