CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.

Slides:

Advertisements

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

Advertisements

Chapter 14 – Payroll Accounting, Taxes, & Reports

LESSON 13-4 Paying Payroll Taxes and Unemployment Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 9-3 Accrued Expenses.

Payroll Accounting, Taxes, and Reports

LESSON 13-1 Recording A Payroll

LESSON 13-2 RECORDING EMPLOYER PAYROLL TAXES. Employee vs. Employer Taxes Employee Taxes ◦Federal Income Tax ◦Social Security Tax ◦Medicare Tax Employer.

LESSON 13-4 PAYING WITHHOLDING AND PAYROLL TAXES.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-1 Recording A Payroll.

LESSON 13-1 Recording A Payroll

LESSON 13-1 Payroll Accounting, Taxes, and Reports

Preparing Payroll Records

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

Hosted by Ms. Appel True/False 1True/False 2Fill In The Blank 1 Fill In The Blank FinalFinal.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 13-1 CHAPTER 13 OBJECTIVES PAYROLL ACCOUNTING, TAXES, AND REPORTS DEFINE ACCOUNTING TERMS RELATED.

Lesson 14-1 PAYROLL REGISTER Lesson 14-1, page 332.

Payroll Accounting, Taxes, and Reports

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes Original created by M.C. McLaughlin, Thomson/South-Western.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes  Paying the liability for employee taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-2 Recording Employer Payroll Taxes Original created by M.C. McLaughlin, Thomson/South-Western Modified.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-2 Recording Employer Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-2 Determining Payroll Tax Withholding.

Section 3Tax Liability Payments and Tax Reports What You’ll Learn  How to pay payroll tax liabilities.  Which tax reports are prepared and filed. What.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-2 Determining Payroll Tax Withholding Required by Law to withhold taxes Payroll taxes represent.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2 Recording Employer Payroll Taxes  Calculating employer payroll taxes  Unemployment.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-3 Preparing Payroll Records.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-2 Recording a Payroll and Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 Recording a Payroll and Payroll Taxes Modified by D. Burns West Johnston High School.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-1 Recording A Payroll.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-1 Distributing Corporate Earnings to Stockholders.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Analyze a payroll transaction. LO2.

Journalizing Payroll Review. Lesson 13-1 Source of amounts for payroll journal transaction.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Accounting April 23, 2015 Chapter 13-3 & 13-4 notes 13-3 & 13-4 WT & OYO 13-3 & 13-4 Application.

Accounting April 21, 2015 Critical Thinking Notes for 13.1 and 13.2

© South-Western Educational Publishing FORM 8109, FEDERAL DEPOSIT COUPON Lesson 14-4, page 355.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-3 Posting from Journals to a General Ledger.

© 2014 Cengage Learning. All Rights Reserved. Paying Withholding and Payroll Taxes Chapter 13 Lessons 13-4.

© South-Western Educational Publishing PAYROLL REGISTER Lesson 14-1, page 340.

Chapter 3 Departmental Payroll. After the payroll register has been prepared, a check is written to transfer the total net pay amount from the regular.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO5 Pay and record withholding and payroll.

LESSON 13-1 Recording A Payroll

LESSON 13-1 Recording A Payroll

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 3-2 Recording a Payroll and Payroll Taxes

© 2014 Cengage Learning. All Rights Reserved.

FORM 8109, FEDERAL DEPOSIT COUPON

LESSON 9-3 Accrued Expenses

    JOURNALIZING ACCRUED INTEREST EXPENSE 1 2 3

JOURNALIZING PAYMENT OF A PAYROLL

Lesson 14-1 PAYROLL REGISTER Lesson 14-1, page 332.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 3-2 Recording a Payroll and Payroll Taxes

Payroll Accounting, Taxes and Reports

Payroll Accounting, Taxes, and Reports

LESSON 3-2 Recording a Payroll and Payroll Taxes

Paying Withholding and Payroll Taxes

Recording Employer Payroll Taxes

Paying Withholding and Payroll Taxes

LESSON 3-2 Recording a Payroll and Payroll Taxes

LESSON 9-3 Accrued Expenses

Presentation transcript:

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes

CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 13-4 PAYING THE LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX page 383

CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 13-4 FORM 8109, FEDERAL DEPOSIT COUPON page 384

CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 13-4 JOURNALIZING PAYMENT OF LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX page 385 January 15. Paid cash for liability for employee income tax, $757.00; social security tax, $1,451.38; and Medicare tax, $339.42; total, $2, Check No Emp. Inc. Tax PayableSoc. Sec. Tax PayableMedicare Tax PayableCash Bal Bal Bal

CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 13-4 PAYING THE LIABILITY FOR FEDERAL UNEMPLOYMENT TAX page 386

CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 13-4 JOURNALIZING PAYMENT OF LIABILITY FOR FEDERAL UNEMPLOYMENT TAX page 387 January 31. Paid cash for federal unemployment tax liability for quarter ended December 31, $ Check No Write the date. 5. Write the amount of the credit to Cash. 4. Write the debit amount. 3. Write the check number. 2. Write the title of the account debited.

CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 13-4 JOURNALIZING PAYMENT OF LIABILITY FOR STATE UNEMPLOYMENT TAX page 387 January 31. Paid cash for state unemployment tax liability for quarter ended December 31, $ Check No Date 5. Credit amount 4. Debit amount 3. Check number 2. Account debited State Jan. 31 Bal