Use the 2016 FICA tax rates in the table below to solve the problem. Round your answer to the nearest dollar.

If you are self-employed and earn $146,500, what are your FICA taxes?

X 2016 FICA tax rates A. B. TABLE 8.2 2016 FICA Tax Rates Matching Rates Paid by DI Employee's Rates the Employer Self-Employed Rates 7.65% on first $118,500 . 7.65% on first $118,500 . 15.3% on first $118,500 of income paid in wages of net profits 1.45% of income in 1.45% of wages paid in 2.9% of net profits in excess of $118,500 excess of $118,500 excess of $118,500