Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not self-employed and earns $140,000, what are the taxpayer's FICA taxes? Matching Rates Paid by the...

Extracted text: Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not self-employed and earns $140,000, what are the taxpayer's FICA taxes? Matching Rates Paid by the Employer Employee's Rates Self-Employed Rates 7.65% on first $118,500 of 7.65% on first $118,500 paid in wages 15.3% on first $118,500 of net income profits 1.45% of income in excess 1.45% of wages paid in excess of $118,500 2.9% of net profits in excess of $118,500 of $118,500 FICA taxes are $. (Type an integer or a decimal. Round to the nearest cent as needed.)