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This lesson covers key concepts related to employer payroll tax reporting, including the Employer Annual Report and the Employer’s Quarterly Federal Tax Return. It highlights essential information such as total earnings, the number of employees, and total taxes withheld, including income taxes and Social Security/ Medicare taxes. Learn how to accurately report these figures to ensure compliance with federal regulations, and understand the importance of providing annual statements to employees regarding their withheld taxes.
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LESSON 13-3 Reporting Withholding And Payroll Taxes
EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD page 378 LESSON 13-3
EMPLOYER’S QUARTERLY FEDERAL TAX RETURN page 379 (continued on next slide) 1 2 1. Heading 2. Number of employees LESSON 13-3
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
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
EMPLOYER ANNUAL REPORTING OF PAYROLL TAXES page 381 LESSON 13-3
