Math Problem Solver

Use the 2021 FICA tax​ rates, shown, to answer the following question.

If a taxpayer is not​ self-employed and earns $ 123 comma 000​, what are the​ taxpayer's FICA​ taxes?​Employee's RatesMatching Rates Paid by the Employer​Self-Employed Rates​7.65% on first ​$142 comma 800 of income

​1.45% of income in excess of ​$142 comma 800​7.65% on first ​$142 comma 800 paid in wages

​1.45% of wages paid in excess of ​$142 comma 800​15.3% on first ​$142 comma 800 of net profits

​2.9% of net profits in excess of ​$142 comma 800Question content area bottomPart 1The​ taxpayer's FICA taxes are ​$

enter your response here.

​(Round to the nearest cent as​ needed.)