Points: 0 of 1
Use the 2021 FICA tax rates, shown, to answer the following question.
If a taxpayer is not self-employed and earns $\$ 132,000$, what are the taxpayer's FICA taxes?
Employee's Rates
$7.65 \%$ on first $\$ 142,800$ of income
$1.45 \%$ of income in excess
of $\$ 142,800$
Matching Rates Paid by the Employer
$7.65 \%$ on first $\$ 142,800$ paid
in wages
$1.45 \%$ of wages paid in
excess of $\$ 142,800$
Self-Employed Rates
$15.3 \%$ on first $\$ 142,800$ of net profits
$2.9 \%$ of net profits in excess of $\$ 142,800$
The taxpayer's FICA taxes are $\$ \square$.
(Round to the nearest cent as needed.)
Answer
Final Answer: The taxpayer's FICA taxes are \(\boxed{10098.0}\).
Step 1 ：The taxpayer's income is less than $142,800, so the tax rate is 7.65%.
Step 2 ：We can calculate the FICA taxes by multiplying the income by the tax rate.
Step 3 ：Let the income be \(132000\) and the tax rate be \(0.0765\).
Step 4 ：So, the FICA taxes are \(132000 \times 0.0765 = 10098.0\).
Step 5 ：Final Answer: The taxpayer's FICA taxes are \(\boxed{10098.0}\).
