Social Security and Medicare. The required deduction for social security is 6.2% and 1.45% for Medicare. Refer to the Social Security and Medicare information. Keri Albertson earns a monthly salary of $8, 500. Compute the amount deducted for social security and Medicare from Albertson's January paycheck. ________ A weekly payroll register shows that James Hill had total wages of $380. He had deductions of $29.07 for FICA tax, $42.50 for federal income tax, and $20 for medical insurance. Compute Hill's net pay. _______