Employers often characterize requirements that they provide mandated benefits (e.g., workers compensation and healthcare) to their employees as a payroll tax. However, economic models of corporate mandated benefit programs explain that employers pass along some or all the cost of such programs to their employees. Compare and briefly describe the economic effects of (1) Payroll taxes and (2) Mandated benefits on wages and employment. In your answer, show the impact of both payroll taxes and mandated benefits on separate graphs with wages on the vertical axis and employment on the horizontal axis. (20 points, 10 points each)