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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 $146,000 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 $146,000 what are the taxpayer's FICA taxes?
Employee's Rates
7.65% on first $142,800 of income
1.45% of income in excess of $142,800
Matching Rates Paid by the Employer
7.65% on first $142,800 paid in wages
1.45% of wages paid in excess of $142,800
Self-Employed Rates
15.3% on first $142,800 of net profits.
2.9% of net profits in excess of $142,800
The taxpayer's FICA taxes are $_____
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