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Use the 2016 FICA tax rates, shown below to answer the following question. If a taxpayer is not self- employed and earns $134,000, what are

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Use the 2016 FICA tax rates, shown below to answer the following question. If a taxpayer is not self- employed and earns $134,000, what are the taxpayer's FICA taxes? Matching Rates Paid by the Employer 7.65% on first S 118,500 paid in wages Self-Employed Rates 15.3% on first $118,500 of net profits Employee's Rates 7 65% on first S 118,500 of income 1 45% of income in excess of $118,500 1.45% of wages paid in excess of $118500 2 9% of net profits in excess of $118,500 FICA taxes are S (Type an integer or a decimal. Round to the nearest cent as needed) Enter your answer in the answer box

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