No . 36 1 Complete form 940 Employer's Federal Unemployment ( PUTA ) Tax Return , using the blank forms reproduced Also , complete the Federal Deposit Informat ion Worksheet , using the blank form reproduced on page 7-50 Total wages for the first three quarters was $ 142 224.57 FUTA taxable wages for the first three quarters was $65 490.00 FUTA tax liability by quarter Ist quarter - $204 53 End quarter - $105 . 25 ard quarter - $83.16 The first FUTA deposit is now due Journalize the entry to record the electronic deposit for the FUTA tax liability