If you are self-employed and earn $147,000, what are the FICA taxes? Employee's Rates Matching Rates Paid by Self-Employed Rates the Employer 5.65% on rst $110,000 of 7.65% on rst $110,000 paid 13.3% on rst $110,000 of income in wages net prots 1.45% of income in 1.45% of wages paid in 2.9% of net prots in excess of $110,000 excess of $110,000 excess of $110,000 Your taxes are $|:|. (Type an integer or a decimal.) If you are not self-employed and earn $118,000, what are your FICA taxes? Employee's Rates Matching Rates Paid by the Self-Employed Rates Employer 5.65% on rst $110,000 7.65% on rst $110,000 paid in 13.3% on rst $110,000 of of income wages net prots 1.45% of income in 1.45% of wages paid in excess of 2.9% of net prots in excess excess of $110,000 $110,000 of $110,000 FICA taxes are $|:|. (Type an integer or a decimal.) Use the 2012 marginal tax rates to compute the tax owed by the following person. an unmarried head of household with two dependent children. Gross income: $62,000 Deductions: $3696 state taxes $3000 theft loss Adjustments: none Tax credit: $2000 0 Click the icon to View the 2012 marginal tax rates. The income tax owed is $|:|. (Round to the nearest dollar as needed.) Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household 10% up to $8700 up to $8700 up to $17,400 up to $12,400 15% $8701 to $35,350 $8701 to $35,350 $17,401 to $70,700 $12,401 to $47,350 25% $35,351 to $85,650 $35,351 to $71,350 $70,701 to $142,700 $47,351 to $122,300 28% $85,651 to $178,650 $71,351 to $108,725 $142,701 to $217,450 $122,301 to $198,050 33% $178,651 to $388,350 $108,726 to $194,175 $217,451 to $388,350 $198,051 to $388,350 35% more than $388,350 more than $194,175 more than $388,350 more than $388,350 Standard $5950 $5950 $11,900 $8700 Deduction Exemptions $3800 $3800 $3800 $3800 (per person)