5.Prepare the payroll register for each employee for this week. Employees are paid bi- weekly. The FICA tax rate is: Social Security 6.2% on a limit of $142,800; Medicare is 1.45%; federal income tax is 15%; and state income tax is 5%. Take calculations to two decimal places. Joan is salary at $161,200 per year Bill is hourly at $35 per hour. Week 1 he worked 37 hours and week 2 he worked 45 hours. Current Earnings Previous Employee Name Earnings Regular Rat Overtime Current Earnings (YTD) Hour Gross Hours Amount Rate Amount (YTD) e Pay Joan 140,000.0 Davis 0 62.500.0 Bill Fry 0