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Tax Rate 10% 15% 25% 28% Single up to $9275 $9276 to $37,650 $37,651 to $91,150 $91,151 to $190.150 $190,151 to $413,350 $413,351 to $415,050

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Tax Rate 10% 15% 25% 28% Single up to $9275 $9276 to $37,650 $37,651 to $91,150 $91,151 to $190.150 $190,151 to $413,350 $413,351 to $415,050 more than $415.050 Married Filing Separately up to $9275 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115,725 $115,726 to $206,675 $206,676 to $233.475 more than $233.475 Married Head of Filing Jointly Household up to $18.550 up to $13.250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 $151,901 to $231,450 $130.151 to $210.800 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $466,950 $413,351 to $441,000 more than $466.950 more than $441,000 33% 35% 39.6% $6300 $6300 $12,600 $9300 Standard Deduction Exemptions (per person) $4050 $4050 $4050 $4050 6. What is the tax owed for a married couple filing jointly with a taxable income of $312,000? 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 $118,500 puid 15.3% on first $118,500 of net prolis 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 S118,500 of $118,500 7. If a taxpayer is not self-employed and earns $62,000, what are the taxpayer's FICA taxes? $4743 0178000 what are the taxnayer's FICA taxes

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