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Can you solve this question please? Thank you! The portion of the Federal Insurance Contributions Act (FICA) tax paid by employers is 7.65 percent and

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The portion of the Federal Insurance Contributions Act (FICA) tax paid by employers is 7.65 percent and the portion paid by employees is 7.65 percent (for a total of 15.3 percent). Suppose that absent FICA taxes, workers would have received a competitive equilibrium wage of $10.13 per hour. With FICA taxes divided equally between employers and employees, the actual market wage is $9.43 per hour. What is the incidence of the FICA tax? (Note: At the new market wage of $9.43 per hour, employers pay $0.721 in FICA taxes and workers pay $0.721 in FICA taxes for a total of $1.442.) As compared to the wage of $10.13 per hour that would have prevailed without FICA taxes, workers pay El percent of the FICA tax and employers pay D percent of this tax. (Enter your responses rounded to one decimal place.)

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