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.
Definition: The basic Canadian Old Age Security (OAS) pension is a monthly payment to those 65 years old or older, who meet the residence requirements. You must apply for the Old Age Security pension.Employment history and retirement are not factors for the Old Age Security pension.Canadian Old Age Security pensions are taxable by both the federal and provincial governments.ou must apply for the Old Age Security pension. Employment history and retirement are not factors for the Old Age Security pension. Canadian Old Age Security pensions are taxable by both the federal and provincial governments.