Questions 7 & 8: Use the FICA 2016 Tax rates given in the chart to answer the questions Employee's Rates Matching Rates Paid by Self-employed Rates Employer 7.65% on first $118,500 of 7.65% on first 5118,500 paid 15.3% on first $118,500 of net profits income in wages 1.45% of income of excess of $118,500 1.45% of wages paid in excess 2.9% of net profits in excess of $118,500 of $118,500 7. If a taxpayer is not self-employed and cams $62,000, what are the taxpayer's FICA taxes? 8. If a taxpayer is self-employed and earns $178,000, what are the taxpayer's FICA taxes