Rico works for Street Tacos Inc. The basis for Rico's contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for his loss of income on retirement is

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The basis for Rico's contribution under the Federal Insurance Contributions Act (FICA) to help pay for benefits that will partially make up for his loss of income on retirement is his annual wage base. FICA contributions are calculated based on the employee's earnings (up to a certain limit), not on the employer's profits, the employee's job skills, or any unpaid contributions by the employer.

Rico Works for Street Tacos Inc