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In 2012, to help pay for college, you worked part-time at a local restaurant, earning $23,000 in wages and tips. Use the following information to

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In 2012, to help pay for college, you worked part-time at a local restaurant, earning $23,000 in wages and tips. Use the following information to complete parts (a) through (c) below For people who are not self-employed, the 2012 Marginal Tax Rates, Standard Deductions, and Exemptions 2012 FICA tax rates were as follows: Tax Rate Single a. Calculate your FICA taxes The FICA taxes are $ For people wno are not seir-employed, the 2012 FICA tax rates were as follows: 5.65% on the first $110,000 from wages and tips 1.45% on income in excess of a. Calculate your FICA taxes. The FICA taxes are $ 2012 Marginal Tax Rates, Standard Veductions, and Exemptions Tax Rate Single 10% up to $8700 15% $8701 to $35,350 1.2.23 1.45% on income in excess of $110,000 Taxpayers are not permitted to subtract adjustments, exemptions, or deductions when determinina FICA taxes. a. Calculate your FICA taxes. The FICA taxes are $). |$35,350 Standard Deduction $5950 Exemptions $3800 (per person)

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