A self-employed worker earned $47,000 during the year. The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%.
Required:
How much should this worker pay for FICA taxes? (Omit the "tiny_mce_markerquot; sign in your response.)
FICA-Social Security $
FICA-Medicare $
Total FICA Taxes $