Adam earns a salary of $7500 per month during the year. FICA taxes are 8% on the

Adam earns a salary of $7500 per month during the year. FICA taxes are 8% on the first $100000 of gross earnings. Federal unemployment insurance taxes are 6.2% of the first $7000; however a credit is allowed equal to the state unemployment insurance taxes of 5.4% on the $7000. During the year $25600 was withheld for federal income taxes and $5700 was withheld for state income taxes.Instructions(a) Prepare a journal entry summarizing the payment of Adams total salary during the year.(b) Prepare a journal entry summarizing the employer payroll tax expense on Adams salary for the year.(c) Determine the cost of employing Adam for the year.