Portland Companys payroll data for the week ended December 14, 2020, is as follows

Gross earnings of employees $138,900

FICA ---- OASDI taxable earnings 126,300

FUTA taxable earnings 37,000

SUTA taxable earnings 37,000

Calculate the employers taxes and prepare journal entries, using FUTA rate of 0.8%

SUTA 3.3%

ALL the data are in here. We just need to calcualte the employer's taxes and prepare journal entries!!