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Use the 2 0 2 1 FICA tax rates, shown, to answer the following question. If a taxpayer is self - employed and earns $
Use the FICA tax rates, shown, to answer the following question.
If a taxpayer is selfemployed and earns $ what are the taxpayer's FICA taxes?
Employee's Rates
on first $ of income
of income in excess of $
Matching Rates Paid by the Employer
on first $ paid in wages
of wages paid in excess of $
SelfEmployed Rates
on first $ of net profits
of net profits, in excess of $
The FICA taxes are $
Round to the nearest cent as needed.
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