Step 1 :Given the weekly salary amount of $992, the Social Security tax rate of 6.2%, and the Medicare tax rate of 1.45%, we are asked to calculate the Social Security Tax Deduction, Medicare Tax Deduction, and Total Deduction for FICA Taxes.
Step 2 :To calculate the Social Security Tax Deduction, we multiply the weekly salary amount by the Social Security tax rate. This gives us \(992 \times 0.062 = \$61.50\).
Step 3 :To calculate the Medicare Tax Deduction, we multiply the weekly salary amount by the Medicare tax rate. This gives us \(992 \times 0.0145 = \$14.38\).
Step 4 :The Total Deduction for FICA Taxes is the sum of the Social Security Tax Deduction and the Medicare Tax Deduction. This gives us \(61.50 + 14.38 = \$75.88\).
Step 5 :\(\boxed{\text{The Social Security Tax Deduction is \$61.50, the Medicare Tax Deduction is \$14.38, and the Total Deduction for FICA Taxes is \$75.88.}}\)