Income You are starting your first job as an assistant manager at a sporting goods store. You receive a base salary of $14.75 per hour with
time-and-a-half for hours in excess of 40 hours per week. You are paid
every two weeks. Social Security and Medicare are deducted from your
pay. Social Security tax is 6.2% of the gross pay. Medicare tax is 1.45% of
the gross pay. What is the bi-weekly (every two weeks) deduction for
Social Security and Medicare?*