P3- Adam Smith earned S125,000, and Lisa Jones earned $80,000 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to SI 18,500 maximum per year and the rate for FICA Medicare 1.45%. Federal Income taxes withheld for Adam was $39,720, and for Jones were 16,280The employer's FUTA & SUTA are 1.2% and 3.5% (on the first $7,000 salary for each employee) respectively. Prepare all necessary payroll journal entries in this Employer's books for these two employees (2 points). What is the net pay or take home pay for each of these employees (1 point)