Sally works for Timber Products,Inc.The basis for her contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for her loss of income on retirement is her

Question

Sally works for Timber Products,Inc.The basis for her contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for her loss of income on retirement is her​

Quizplus · Accepted Answer

The basis for Sally's contribution under the Federal Insurance Contribution Act is her annual wage base, which is the maximum amount of earnings that are subject to social security taxes. Seniority, job skills, and county of residence are not factors that determine the amount of contribution under FICA.

Sally Works for Timber Products,Inc