Portions of the payroll register for Barney's Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.8%, both of which are levied on the first $7,000 of earnings. The Social Security tax rate is 6.2% on the first $106,800 of earnings. The Medicare rate is 1.45% on gross earnings.

Calculate the employer's payroll taxes expense and prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the currentyear.

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Barney's Bagels Payroll Register Total Taxable Earnings of All Employces Unemployment Compensation Total Earnings Social Security $12,200 $12,200 $10,500