Calculate payroll for Karen Rodriguez and Adam Seyd for the June 14th and June 28th payrolls. These employees are paid bi-weekly, meaning every other week. Journalize the transactions necessary to record the payroll. Address the following questions: What is the total cost to the company of having these two employees for the month of June? Calculate the cost of adding one more employee for 10 hours per week (40 hours total for June) at $15 per hour. Remember to consider the employee payroll portion as well as the employer tax obligation. Would it be more cost effective to add the additional part-time employee or to distribute the additional 40 hours needed to the current part-time employees? Explain using your calculations to justify your response. The following information will be necessary in your calculations: Employee Information Karen Ramierz $20/hour hourly rate Pay Period Ending June 14: 24 hours worked Pay Period Ending June 28: 22 hours worked Adam Settervig $18/hour hourly rate Pay Period Ending June 14: 15 hours worked Pay Period Ending June 28: 20 hours worked Additional Tax and Withholding Information Employee Responsibility Federal Income Tax: 10% of gross pay State Income Tax 5% of gross pay FICA Tax 7.65% of gross pay Employer Responsibility FICA Tax 7.65% of gross pay State Unemployment none 2% of gross pay Federal Unemployment 0.8% of gross pay