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In 2016, to help pay for college, you worked part time at a local restaurant, earning $23,000 in wages and tips. Use the following information

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In 2016, 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 2016 Marginal Tax Rates, Standard 2016 FICA tax rates were as follows: Deductions, and Exemptions 7.65% on the first $118.500 from wages Tax Rate Single and tips 10% up to $9275 1.45% on income in excess of $118,500 15% 59276 to $37.650 Taxpayers are not permitted to subtract Standard Deduction $6300 adjustments, exemptions, or deductions when determining FICA taxes Exemptions (per person) S4050 a. Calculate your FICA taxes The FICA taxes are $ (Type an integer or a decimal. Round to two decimal places as needed.) b. Calculate your income tax. Assume you are single with no dependents have no adjustments or tax credit, and you take the standard deduction The income tax is $ (Type an integer or a decimal. Round to two decimal places as needed.) c. Including both FICA and income tax, what percentage of your gross income are your federal taxes? Federal taxes are (Type an integer or a decimal Round to one decimal place as needed)

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