LESSON 13-3

1. 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. Competency: Implementing Payroll and Payroll Tax Procedures • Objectives: • 85 Journalize payroll transactions • 89 Describe record-organization-retention schedule procedures for payroll and payroll taxes • 90 Prepare employer tax returns LESSON 13-3

3. EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD page 378 LESSON 13-3

4. EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued on next slide) 1 2 1. Heading 2. Number of employees LESSON 13-3

5. 3 4 5 6 7 EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued on next slide) 3. Total quarterly earnings 6. Social security plus Medicare taxes 4. Income tax withheld 5. Employee and employer social security and Medicare taxes 7. Total taxes LESSON 13-3

6. 8 8 8 EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued from previous slide) 9 8. Total taxes for each month 9. Total taxes LESSON 13-3

7. EMPLOYER ANNUAL REPORTING OF PAYROLL TAXES page 381 LESSON 13-3