Problem 3 Jacobs Steel, Inc. incurs the following costs related to its March 30, 2024 payroll. The payroll is the total for all 20 employees, none of which have met the $142,800 maximum compensation for Social Security withholdings or the $7,000 maximum compensation for FUTA withholdings. -Gross Payroll -Federal Income Tax -State Income Tax -Union Dues -Retirement Plan Payments -FICA (social security) -FICA (medicare) -FUTA -SUTA 150,000 20,000 3,000 1,000 3,000 6.20% 1.45% 0.70% 4.40% (half paid by employee and half paid by employer) Requirements: 1. Determine the payroll-related liabilities amounts that will be paid by (withheld from) the employees' Gross Payroll. 2. Calculate the employees' net payroll. 3. Determine the payroll-related liabilities that will be paid by Jacobs Steel