document.write( "Question 1176332: Use the 2016 FICA tax​ rates, shown​ below, to answer the following question.\r
\n" ); document.write( "\n" ); document.write( "If a taxpayer is not​ self-employed and earns ​$167,000, what are the​ taxpayer's FICA​ taxes?\r
\n" ); document.write( "\n" ); document.write( "Employee's Rates:
\n" ); document.write( "7.65% on first​ $118,500 of income
\n" ); document.write( "​1.45% of income in excess of​ $118,500\r
\n" ); document.write( "\n" ); document.write( "Matching Rates Paid by the Employer:
\n" ); document.write( "7.65% on first​ $118,500 paid in wages
\n" ); document.write( "​1.45% of wages paid in excess of​ $118,500\r
\n" ); document.write( "\n" ); document.write( "​Self-Employed Rates:
\n" ); document.write( "15.3% on first​ $118,500 of net profits
\n" ); document.write( "​2.9% of net profits in excess of​ $118,500\r
\n" ); document.write( "\n" ); document.write( "FICA taxes are ​$__.
\n" ); document.write( "(Type an integer or a decimal. Round to the nearest cent as​ needed.) \n" ); document.write( "
Algebra.Com's Answer #802937 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
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document.write( "Hi\r\n" );
document.write( " $167,000 = $118,500 + $48,500\r\n" );
document.write( "\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 =  $703.25\r\n" );
document.write( "                                        $9769.50\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
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