Seiko works for TallTales Publishing, Inc. The basis for Seiko's 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

Seiko works for TallTales Publishing, Inc. The basis for Seiko's 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 Seiko's contribution under the Federal Insurance Contribution Act (FICA) is her annual wage base, which is a percentage of her income up to a certain ceiling. Seniority, job skills, and county of residence are not relevant factors in determining FICA contributions.

Seiko Works for TallTales Publishing, Inc