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Use the 2021 FICA tax rates, shown, to answer the following question.If a taxpayer is self-employed and earns $ 152 comma 000$152,000, what are the

Use the 2021 FICA tax rates, shown, to answer the following question.If a taxpayer is self-employed and earns

$ 152 comma 000$152,000,

what are the taxpayer's FICA taxes?

Employee's Rates

Matching Rates Paid by the Employer

Self-Employed Rates

7.65% on first

$142,800 of income

1.45% of income in excess of$142,800

7.65% on first

$142,800 paid in wages

1.45% of wages paid in excess of

$142,800

15.3% on first

$142,800

of net profits

2.9% of net profits in excess of

$142,800

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