Mathematics, 25.03.2021 09:00, georgehall3027
Use the 2016 FICA tax rates shown below, to answer the following question. If a taxpayer is not self-employed and earns $130,000, what are the taxpayer's FICA taxes? Matching Rates Paid by Employee's Rates the Employer Self-Employed Rates 7.65% on first S 118.500 of 7.65% on first $118,500 paid 15.3% on first $118,500 of net income in wages profits 1.45% of income in excess of $118,500 1.45% of wages paid in excess of $ 118,500 2.9% of net profits in excess of $118,500 FICA taxes are S (Type an integer or a decimal. Round to the nearest cent as needed.)
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