Use the 2021 FICA tax rates in the table below to solve the…

Use the 2021 FICA tax rates in the table below to solve the problem. Round your answer to the nearest dollar.FICA Tax Rates Employee’s Rates Matching Rates Paid bythe Employer Self-Employed Rates ● 7.65% on first $142,800of income● 1.45% of income inexcess of $142,800 ● 7.65% on first $142,800paid in wages● 1.45% of wages paid inexcess of $142,800 ● 15.3% on first $142,800of net profits● 2.9% of net profits inexcess of $142,800 If you are self-employed and earn $150,800, what are your FICA taxes?

Solve the problem.Barb is buying a new car for $10,000. Her…

Solve the problem.Barb is buying a new car for $10,000. Her old car has a trade-in Value of $2500. The dealer informs her that the financing charge is 7% simple interest. If she wishes to take 2 years to pay off the car, what will be the total amount to be repaid?