Given:
Gross pay is $1150
The social security tax rate is 6.2% and the medicare tax rate is 1.45%
[tex]\begin{gathered} \text{Amount deducted for social security tax=1150}\times\frac{6.2}{100} \\ =\text{ \$71.30} \end{gathered}[/tex][tex]\begin{gathered} \text{Amount deducted for medicare tax=1150}\times\frac{1.45}{100} \\ =\text{ \$}16.68 \end{gathered}[/tex][tex]\begin{gathered} \text{Gross pay deducted for FICA taxes=71.30+16.68} \\ =\text{ \$}87.98 \end{gathered}[/tex]Gross pay dedected is 87.98 dollar.
