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Homework: 8.2 hw (8.1B in old book) Save Score: 0 of 1 pt 1 3 of 5 (1 complele) HW Score: 0%, 0 of 5
Homework: 8.2 hw (8.1B in old book) Save Score: 0 of 1 pt 1 3 of 5 (1 complele) HW Score: 0%, 0 of 5 pts 8.2.19 Question Help Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not self-employed and earns $138,000, what are the taxpayer's FICA taxes? Matching Rates Paid by Employee's Rates the Employer Self-Employed Rates 7.65% on first $118,500 of 7.65% on first S118,500 paid 15.3% on first S118,500 of net Income In wagos profits 1.45% of income in excess 1.45% of wages paid in 2.9% of net profits in excess of S118,500 excess of $118.500 of $118.500 FICA taxes are $ (Type an integer or a decimal. Round to the nearest cent as needed.)
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