Gwyneth works for Home & Hospice Healthcare,Inc. The basis for Gwyneth'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

Quizplus · Accepted Answer

The basis for an employee's contribution under the Federal Insurance Contribution Act (FICA) is their annual wage base, which is the maximum amount of earnings subject to Social Security tax each year. It is not determined by seniority, special job skills, or county of residence.

Gwyneth Works for Home & Hospice Healthcare,Inc