On September $1,2020,$ following graduation from Dominican University$$s online MSA program, you begin your accounting career as a tax associate at E$-$WHY, a mid$-$sized public accounting firm in the Chicago suburbs. After two weeks on the job, you receive a phone call from your firm$$s managing tax partner, Jessica Schultz. She asks to meet you the following morning in her office to review some tax circumstances of a firm client named Josh Townsend. At the meeting, Jessica conveys the following details about Josh:$$To minimize registration and reporting requirements, Josh informs Wendy that she will be treated as a statutory employee. As such, Josh$$s payroll service will deduct FICA $($Social Security and Medicare$)$ taxes from Wendy$$s paychecks but no other withholding taxes.$$InstructionsPrepare a $4-5$ page memo for Jessica summarizing:$$