Final answer:
To calculate the amount deducted from the gross bi-weekly pay for Social Security and Medicare, you need to find the deductions for each tax separately. The deduction for Social Security is found by multiplying the gross bi-weekly pay by 0.062. The deduction for Medicare is found by multiplying the gross bi-weekly pay by 0.0145.
Step-by-step explanation:
To calculate the amount deducted from the gross bi-weekly pay for Social Security and Medicare, we need to find the deductions for each tax separately.
First, we find the deduction for Social Security. Social Security is deducted at a rate of 6.2%. To find the amount deducted, multiply the gross bi-weekly pay by 0.062:
Deduction for Social Security = 2798 * 0.062 = 173.276
Next, we find the deduction for Medicare. Medicare is deducted at a rate of 1.45%. To find the amount deducted, multiply the gross bi-weekly pay by 0.0145:
Deduction for Medicare = 2798 * 0.0145 = 40.531
Therefore, the total amount deducted from the gross bi-weekly pay for Social Security and Medicare is:
Total deduction = Deduction for Social Security + Deduction for Medicare = 173.276 + 40.531 = 213.807