Social 2. How much would a single person whose taxable income is $150,000 have to pay in federal income, Security and Medicare taxes? Use the following tax rate schedule and remember that the Social Security tax rate is 6,2% up to an income limit of $142,800 while the Medicare tax rate is 1.45% on all Income earned: Tax brackets Income taxed Taxes paid MTR 0 9,875 10% 9,875 40,125 12% 40,125 BS, 525 22 85,525 163,300 24% Total: al (4 points) Total federal income taxes paid Please show all your work b) (1 point) This taxpayer's federal MTR is c) (1 point) does this person pay 24% of his taxable income in federal taxes? d) (1 point) This person pays work). percent of his taxable income in federal taxes (ATR) (show e) (1 point) The tax rate of 22% applies to dollars of this person's income. taxes because f) (2 points) Federal income taxes are an example of (please clearly justify your answer with numeric examples) B) (5 points) This tax payer pays (please show your work) and a SS ATR of(show work) because Gustify in Social Security taxes with a SS MTR of The Social Security tax paid by this tax payer is the tax system that applies) in Medicare taxes (please show h) (5 points) This tax payer pays (show work) work) with a Medicare MTR of and a Medicare ATR of because (justify the tax The Medicare tax paid by this tax payer is system that applies)