1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-1 Recording A Payroll

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 13-1 PAYROLL REGISTER page 369

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 13-1 ANALYZING PAYMENT OF A PAYROLL page 370

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 13-1 6.Write the titles of accounts credited. JOURNALIZING PAYMENT OF A PAYROLL 1 2 345 6 page 371 December 15. Paid cash for payroll, $4,609.46. Check No. 335. 7 1.Write the date. 2.Write the title of the account debited. 3.Write the check number. 4.Write the account debited. 7.Write the amounts credited. 5.Write the total amount paid to employees.

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2 Recording Employer Payroll Taxes

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 13-2 UNEMPLOYMENT TAXABLE EARNINGS 2 3 page 374 1 1.Enter accumulated earnings and total earnings for each employee. 2.Enter unemployment taxable earnings. 3.Total the Unemployment Taxable Earnings column.

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 13-2 Federal Unemployment Tax = Federal Unemployment Tax Rate × Unemployment Taxable Earnings State Unemployment Tax = State Unemployment Tax Rate × Unemployment Taxable Earnings UNEMPLOYMENT TAXES page 375 $6.32=0.8%×$790.00 $42.66=5.4%×$790.00

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 13-2 JOURNALIZING EMPLOYER PAYROLL TAXES page 376 December 15. Recorded employer payroll taxes expense, $485.92, for the semimonthly pay period ended December 15. Taxes owed are: social security tax, $354.11; Medicare tax, $82.83; federal unemployment tax, $6.32; state employment tax, $42.66. Memorandum No. 63. (continued on next slide)

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 13-2 JOURNALIZING EMPLOYER PAYROLL TAXES 1 2 3 5 4 6 page 376 4. Write the debit amount.1. Write the date. 5. Write the titles of the liability accounts credited. 2. Write the title of the expense account debited. 6. Write the credit amounts.3. Write the memorandum number. (continued from previous slide)

10. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-3 Reporting Withholding And Payroll Taxes

11. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 11 LESSON 13-3 EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD page 378

12. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 12 LESSON 13-3 EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued on next slide) 1 2 1. Heading2.Number of employees

13. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 13 LESSON 13-3 EMPLOYER’S QUARTERLY FEDERAL TAX 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 4 5 3 6 7

14. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 14 LESSON 13-3 EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued from previous slide) 888 9 8. Total taxes for each month9. Total taxes

15. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 15 LESSON 13-3 EMPLOYER ANNUAL REPORTING OF PAYROLL TAXES page 381

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

17. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 17 LESSON 13-4 PAYING THE LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX page 383

18. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 18 LESSON 13-4 FORM 8109, FEDERAL DEPOSIT COUPON page 384

19. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 19 LESSON 13-4 JOURNALIZING PAYMENT OF LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX 1 2 3 4 5 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, $2,547.80. Check No. 347. 1.Write the date. 2.Write the titles of the three accounts debited. 3.Write the check number. 4.Write the debit amounts. 5.Write the amount of the credit.

20. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 20 LESSON 13-4 PAYING THE LIABILITY FOR FEDERAL UNEMPLOYMENT TAX page 386

21. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 21 LESSON 13-4 JOURNALIZING PAYMENT OF LIABILITY FOR FEDERAL UNEMPLOYMENT TAX 12345 page 387 January 31. Paid cash for federal unemployment tax liability for quarter ended December 31, $34.60. Check No. 367. 1. 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.

22. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 22 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, $233.55. Check No. 368. 1. Date 5. Credit amount 4. Debit amount 3. Check number 2. Account debited 12345