Use the 2016 FICA tax rates, shown below, to answer the following questionIf a taxpayer is not self-employed and earns $127,000, what are the taxpayer's FICA taxes?Employee's Rates7.65% on first $118,500 ofincomeMatching Rates Paid bythe EmployerSelf-Employed Rates7.65% on first $118,500 paid 15.3% on first $118,500 of netin wagesprofits1.45% of income in excessof S118,5001.45% of wages paid inexcess of $118,5002.9% of net profits in excessof $118.500FICA taxes are $(Type an integer or a decimal. Round to the nearest cent as needed.)