It looks like you need to look at bit0 and bit1??? Use the bitwise-and operator inside MATH (single ampersand, "&").
MATH C100 "($GS1_110.StatusMonitor2 & 0x0003) == 0x0000"
This will look at the lower 2 bits to see if they are OFF. If they are both OFF, C100 will be a 1. Otherwise it will be a 0.