SOLUTION: Use the 2016 FICA tax​ rates, shown​ below, to answer the following question. If a taxpayer is not​ self-employed and earns ​$132,000,

Algebra ->  Equations -> SOLUTION: Use the 2016 FICA tax​ rates, shown​ below, to answer the following question. If a taxpayer is not​ self-employed and earns ​$132,000,       Log On


   

Question 1176331: Use the 2016 FICA tax​ rates, shown​ below, to answer the following question.
If a taxpayer is not​ self-employed and earns ​$132,000,


Found 2 solutions by ewatrrr, ikleyn:
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
 $132,000 = $118,500 + $13,500

Employee's Rates:
7.65% on first $118,500 of income     = $9066.25
1.45% of income in excess of $118,500 =  $195.75
                                        $9262.00
Wish You the Best in your Studies.

Answer by ikleyn(52879) About Me  (Show Source):
You can put this solution on YOUR website!
.

I just explained several times today (and hundreds of times before)

that at this forum we do not consult in Finance problems.


So this time I simply DELETED your post.


Hope in this form it will become more clear to you.



Next time will delete without explanations.



Have a nice day (!)