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Use the 2021 FICA tax rates, shown, to answer the following question. If a taxpayer is not self-employed and earns $134,000, what are the taxpayer's
Use the 2021 FICA tax rates, shown, 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 Employee's Rates 7.65% on first $142,800 of 7.65% on first $142,800 paid income in wages 1.45% of income in excess of $142,800 1.45% of wages paid in excess of $142,800 The taxpayer's FICA taxes are $ (Round to the nearest cent as needed.) T Self-Employed Rates 15.3% on first $142,800 of net profits 2.9% of net profits in excess of $142,800
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