document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1176302>Question 1176302</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the 2016 FICA tax​ rates, shown​ below, to answer the following question.\r<BR>\n" );
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document.write( "If a taxpayer is not​ self-employed and earns $133,000​, what are the​ taxpayer's FICA​ taxes?\r<BR>\n" );
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document.write( "Employee's Rates:\r<BR>\n" );
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document.write( "7.65% on first $118,500 of income<BR>\n" );
document.write( "1.45% of income in excess of $118,500\r<BR>\n" );
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document.write( "Matching Rates Paid by the Employer:<BR>\n" );
document.write( "7.65% on first $118,500 paid in wages<BR>\n" );
document.write( "1.45% of wages paid in excess of $118,500\r<BR>\n" );
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document.write( "Self-Employed Rates:\r<BR>\n" );
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document.write( "15.3% on first $118,500 of net profits<BR>\n" );
document.write( "2.9% of net profits in excess of $118,500\r<BR>\n" );
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document.write( "FICA taxes are $__\r<BR>\n" );
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document.write( "​(Type an integer or a decimal. Round to the nearest cent as​ needed.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #802903 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=802903\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\"><font face = \"consolas\" color = \"indigo\" size = 3><b>\r\n" );
document.write( "Hi\r\n" );
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document.write( "If a taxpayer is not​ self-employed and earns $133,000​, what are the​ taxpayer's FICA​ taxes?\r\n" );
document.write( " $133,000 = $118,500 + $14,500\r\n" );
document.write( "Employee's Rates:\r\n" );
document.write( "7.65% on first $118,500 of income     = $9066.25\r\n" );
document.write( "1.45% of income in excess of $118,500 = <u> $210.25</u>\r\n" );
document.write( "                                        $9276.50\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
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