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The question asks how much a self-employed graphic designer earning $56,000 will have to pay in FICA taxes. The FICA tax rate for self-employed individuals is given as 15.3% (which includes Social Security and Medicare taxes).

Let's break this down:

### Total FICA Tax Calculation for Self-Employed:
- **Social Security Tax**: 12.4% on the first $118,500 of earnings (for self-employed individuals).
- **Medicare Tax**: 2.9% on all earnings.

Since the designer’s earnings are $56,000, we can use the full earnings to calculate the taxes, as it is below $118,500.

### 1. Social Security Tax:
\[
\text{Social Security Tax} = 12.4\% \times 56,000 = 0.124 \times 56,000 = 6,944
\]

### 2. Medicare Tax:
\[
\text{Medicare Tax} = 2.9\% \times 56,000 = 0.029 \times 56,000 = 1,624
\]

### 3. Total FICA Tax:
\[
\text{Total FICA Tax} = 6,944 + 1,624 = 8,568
\]

Thus, the designer will have to pay **$8,568** in FICA taxes.

Would you like further details or have any questions?

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Here are some additional questions to explore:
1. What if the designer earned more than $118,500—how would the FICA taxes change?
2. What percentage of FICA taxes would be paid by an employee rather than a self-employed person?
3. How is FICA distributed between Social Security and Medicare?
4. Are there any deductions or credits available for self-employed individuals on FICA taxes?
5. What happens to FICA tax rates if earnings are substantially lower, say $30,000?

**Tip**: Self-employed individuals can often deduct the employer-equivalent portion of their FICA taxes (7.65%) on their federal income tax return.

Suppose a graphic designer earns $56,000 and is self-employed. How much will the designer have to pay in FICA taxes?

Learn how to calculate the FICA taxes for a self-employed graphic designer earning $56,000. This solution breaks down the Social Security tax (12.4%) and Medicare tax (2.9%) for a total FICA tax payment of $8,568, based on 2016 FICA tax rates.

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