11-14) Question 3 of 18 - /6 View Policies Current Attempt in Progress Assuming a FICA tax rate of 7.65% on the first $127.200 in wages, 1.45% on amounts in excess of $127,200, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $160000 for the year? $128000 $119050 $127377 $117794 Save for Later Attempts: 0 of 1 used Submit