CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 13-3LESSON 13-3

Reporting Withholding And Payroll Taxes

2

LESSON 13-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

EMPLOYER ANNUAL REPORT TO EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELDEMPLOYEES OF TAXES WITHHELD page 378

3

LESSON 13-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

EMPLOYER’S QUARTERLY FEDERAL EMPLOYER’S QUARTERLY FEDERAL TAX RETURNTAX RETURN page 379(continued on next slide)

11

22

1. Heading 2. Number of employees

4

LESSON 13-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

EMPLOYER’S QUARTERLY FEDERAL EMPLOYER’S QUARTERLY FEDERAL TAX RETURNTAX RETURN page 379(continued on next slide)

3. Total quarterly earnings

4. Income tax withheld

5. Employee and employer social security and Medicare taxes 7. Total taxes

6. Social security plus Medicare taxes

44

55

33

66

77

5

LESSON 13-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

EMPLOYER’S QUARTERLY FEDERAL EMPLOYER’S QUARTERLY FEDERAL TAX RETURNTAX RETURN page 379(continued from previous slide)

88 88 8899

8. Total taxes for each month 9. Total taxes

6

LESSON 13-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

EMPLOYER ANNUAL REPORTING OF EMPLOYER ANNUAL REPORTING OF PAYROLL TAXESPAYROLL TAXES page 381