Magnum Plus, Inc., is a manufacturer of hunting supplies. The following is a summary of the companys annual payroll-related costs: Employees wages and salaries expense $7,200,000 Employees federal income taxes.. 2,200,000 Employees FICA tax... 350,000 Employers payroll taxes (FICA, Federal and State unemployment)....... 580,000 Employers contribution to workers disability/compensation plan........... 150,000 Employers contribution to workers health insurance plan...................... 725,000 Employers contribution to workers pension plan................................... 450,000 Required: a) Compute the net amount of cash paid to employees (employees take-home pay). (4 marks) b) Compute Magnums total amount of payroll related costs for the year.