Note: Social Security and Medicare payroll taxes are collected together as the Federal Insurance Contributions Act (FICA) tax. FICA tax rates are statutorily set and can only be changed through new tax legislation. Social Security is financed by a 12.4 percent payroll tax on wages up to the taxable earnings cap, with half (6.2 percent) paid by workers and the other half paid by employers. Self-employed workers pay the whole 12.4 percent. For employers and employees, the Medicare payroll tax rate is a matching 1.45 percent on all earnings (self-employed workers pay the full 2.9 percent), bringing the total Social Security and Medicare payroll withholding rate for employers and employees to 7.65 percent-with only the Social Security portion limited to the taxable maximum amount of 132,900 in 2019. Tax rate Single 10% $0 to $9.700 $9.701 to $39,475 $39,476 to $84.200 $84.201 to $160.725 $160,726 to $204,100 $204,101 to $510,300 $510,301 or more Based on the table above, please answer the following questions. 1. What is the total federal income tax bill for someone who makes $160,000 per year? $39,476 to $84.200 $84,201 to $160,725 $160,726 to $204,100 $204,101 to $510,300 $510.301 or more Based on the table above, please answer the following questions. 1. What is the total federal income tax bill for someone who makes $160,000 per year? 2. What is the average federal income tax rate for someone who makes $160,000 per year? 3. What is the total payroll tax bill (assume zero state and local income taxes) for someone who makes $160,000 per year? (assuming that we all have to pay for the social security and medicare taxes, see the note above) 4. What is the new average total payroll tax rate for this person if he/she got a $20,000 raise