Help on math question

Question

Use the 2016 FICA tax​ rates, shown​ below, to answer the following question.

If a taxpayer is not​ self-employed and earns $133,000​, what are the​ taxpayer's FICA​ taxes?

Employee's Rates:

7.65% on first $118,500 of income

1.45% of income in excess of $118,500

Matching Rates Paid by the Employer:

7.65% on first $118,500 paid in wages

1.45% of wages paid in excess of $118,500

Self-Employed Rates:

15.3% on first $118,500 of net profits

2.9% of net profits in excess of $118,500

FICA taxes are $__

​(Type an integer or a decimal. Round to the nearest cent as​ needed.)

Answer 1

7.65% on first $118,500-(118500*.0765)=9065.25; 118500-9065.25=$109434.75

$133,000-118500=14500*.0145=210.25; 14500-210.25= $14289.75

+= $123724.50 income