Payroll TaxesSid’s Grocery Store has 100 employees who earn a wage of $18.75 per hour. Each of Sid’s employees has worked a total of 160 hours over the month of July. At the time of recording July’s monthly payroll, the following amounts have been withheld:Also, the unemployment tax rate is 2% and applies to all but $30,000 of the gross payroll.Required:1.What is the amount of net pay recorded by Sid’s?