1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes  Paying the liability for employee taxes  Form 8109, Federal Deposit Coupon  Journalizing payment of liability for employee taxes  Liability for federal state unemployment taxes

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Implementing Payroll and Payroll Tax Procedures 2 LESSON 13-4 Objectives: 85 Journalize payroll transactions 89 Describe record-organization-retention schedule procedures for payroll and payroll taxes 90 Prepare employer tax returns

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 13-4 PAYING THE LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX page 383

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

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 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.

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 13-4 PAYING THE LIABILITY FOR FEDERAL UNEMPLOYMENT TAX page 386

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 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.

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 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

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 13-4 TERMS REVIEW lookback period page 389