You are the owner of a small business with five employees. Over the years, you have had a low turnover rate for the employees and you would like to keep it that way. Since you are a small business owner, you need to ensure you have the right mix of employees in terms of their skills, their payroll and you periodically review how the company is doing on the state of the payroll. Based on this analysis, you also periodically determine if any changes need to be made to the strategy of hiring new employees or how you deploy the current employees. Currently, you have the following information for the five employees. + Employee Amy Standard Hrs Std Wage Rate OT Hours 40 $40 20 Bob 40 $80 25 Mitch 30 $25 0 Casey 20 $25 0 Jenny 40 $35 15 Assume you pay 1.5 times the standard rate for the Overtime (OT) rate. 1) Analyze if you are doing ok with how the total payroll is distributed across the employees 2) Analyze if you are doing ok with how the payroll is split between standard and overtime wages 3) Would you recommend any specific strategy for the payroll going forward?