Final answer:
The amount deducted from Raymond Jackson's pay for Social Security is $193.44 and the amount deducted for Medicare is $45.24.
Step-by-step explanation:
To calculate the amount deducted from Raymond Jackson's pay for Social Security, we multiply his gross biweekly pay by the Social Security deduction rate of 6.2%. So, the amount deducted for Social Security is $3120 * 0.062 = $193.44.
To calculate the deductions for Social Security and Medicare, we need to use the provided percentages on Raymond Jackson's gross biweekly pay.
Social Security (6.2%):
6.2% of $3,120 (biweekly gross pay)
Social Security Deduction
=
0.062
×
3
,
120
Social Security Deduction=0.062×3,120
Medicare (1.45%):
1.45% of $3,120 (biweekly gross pay)
Medicare Deduction
=
0.0145
×
3
,
120
Medicare Deduction=0.0145×3,120
Now, let's calculate these deductions:
Social Security Deduction:
\text{Social Security Deduction} = 0.062 \times 3,120 = $193.44
Medicare Deduction:
\text{Medicare Deduction} = 0.0145 \times 3,120 = $45.24
Therefore, the amounts deducted from Raymond Jackson's biweekly pay for Social Security and Medicare are $193.44 and $45.24, respectively.