1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-3 Reporting Withholding And Payroll Taxes  Employer annual report to employees of taxes withheld  Employer’s quarterly federal tax return  Preparing an employer’s quarterly federal tax return  Employer annual reporting of payroll taxes

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Implementing Payroll and Payroll Tax Procedures 2 LESSON 13-3 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 13-3 EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD page 378

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 13-3 EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued on next slide) 1 2 1. Heading2.Number of employees

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

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 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

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 13-3 EMPLOYER ANNUAL REPORTING OF PAYROLL TAXES page 381