Answer: $10,278.90
Step-by-step explanation:
FICA taxes comprise of both the Social Security tax and the Medicare tax rate which in 2017 were 6.2% and 1.45% of income respectively.
The Social security portion is subject to a limit of $127,200 in income but there is no limit for the Medicare tax.
Franklin FICA = (127,200 * 6.2%) + (165,000 * 1.45%)
= 7,886.40 + 2,392.50
= $10,278.90
