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8.2.19 Use the 2016 FICA tax rates shown below, to answer the following question. If a taxpayer is not self-employed and earns $129.000, what are
8.2.19 Use the 2016 FICA tax rates shown below, to answer the following question. If a taxpayer is not self-employed and earns $129.000, what are the taxpayer's FICA taxes? Matching Rates Paid by Employee's Rates the Employer Self-Employed Rates 765% on first $118.500 of 765% on first 5118,500 paid 15.3% on first 5118,500 of net income in wages profits 1.45% of income in excess -45% of wages paid in 29% of net profits in excess of $118.500 excess of $118.500 of $118,500 FICA taxes are 50 Type an integer or a decimal Round to the nearest cent as needed)
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