Richard is employed by a major defense contractor and earns $156,000 in 2014. Calculate:
a. The amount of Social Security tax withheld from his income
b. The amount of Medicare tax withheld from his income
c. The amount of FUTA withheld from his income

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The Answer of Richard is employed by a major defense contractor and earns $156,000 in 2014. Calculate:
a. The amount of Social Security tax withheld from his income
b. The amount of Medicare tax withheld from his income
c. The amount of FUTA withheld from his income

Richard Is Employed by a Major Defense Contractor and Earns