LESSON 13-1
Recording A Payroll
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2
PAYROLL REGISTER
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 369
LESSON 13-1
3
ANALYZING PAYMENT OF A PAYROLL
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 370
LESSON 13-1
4
JOURNALIZING PAYMENT OF A
PAYROLL
page 371
December 15. Paid cash for payroll, $4,609.46. Check No. 335.
1
2
3
4
6
1. Write the date.
2. Write the title of the account
debited.
3. Write the check number.
4. Write the account debited.
5
7
5. Write the total amount paid to
employees.
6. Write the titles of accounts
credited.
7. Write the amounts credited.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
LESSON 13-2
Recording Employer
Payroll Taxes
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
6
UNEMPLOYMENT TAXABLE EARNINGS
page 374
2
3
1
1. Enter accumulated earnings and total earnings for each employee.
2. Enter unemployment taxable earnings.
3. Total the Unemployment Taxable Earnings column.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
7
UNEMPLOYMENT TAXES
Unemployment
×
Taxable
Earnings
$790.00
×
Unemployment
×
Taxable
Earnings
$790.00
×
Federal
Unemployment
Tax Rate
0.8%
State
Unemployment
Tax Rate
5.4%
page 375
Federal
= Unemployment
Tax
=
$6.32
State
= Unemployment
Tax
=
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
$42.66
LESSON 13-1
8
JOURNALIZING EMPLOYER
PAYROLL TAXES (continued on next slide)
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.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
9
JOURNALIZING EMPLOYER
PAYROLL TAXES (continued from previous slide)
2
1
4
3
5
1. Write the date.
2. Write the title of the expense
account debited.
3. Write the memorandum number.
page 376
6
4. Write the debit amount.
5. Write the titles of the liability
accounts credited.
6. Write the credit amounts.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-2
10
TERMS REVIEW
page 377
 federal unemployment tax
 state unemployment tax
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
LESSON 13-3
Reporting Withholding And
Payroll Taxes
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
12
EMPLOYER ANNUAL REPORT TO
EMPLOYEES OF TAXES WITHHELD
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 378
LESSON 13-1
13
EMPLOYER’S QUARTERLY FEDERAL
TAX RETURN
(continued on next slide)
page 379
1
2
1. Heading
2. Number of employees
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
14
EMPLOYER’S QUARTERLY FEDERAL
TAX RETURN
(continued on next slide)
page 379
3
4
5
6
7
3. Total quarterly earnings
4. Income tax withheld
5. Employee and employer social
security and Medicare taxes
6. Social security plus Medicare
taxes
7. Total taxes
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
15
EMPLOYER’S QUARTERLY FEDERAL
TAX RETURN
(continued from previous slide)
page 379
9
8
8
8. Total taxes for each month
8
9. Total taxes
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
16
EMPLOYER ANNUAL REPORTING OF
PAYROLL TAXES
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 381
LESSON 13-1
LESSON 13-4
Paying Withholding and
Payroll Taxes
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PAYING THE LIABILITY FOR EMPLOYEE
INCOME TAX, SOCIAL SECURITY TAX, AND
MEDICARE TAX
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
18
page 383
LESSON 13-4
19
FORM 8109,
FEDERAL DEPOSIT COUPON
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 384
LESSON 13-1
20
JOURNALIZING PAYMENT OF LIABILITY FOR
EMPLOYEE INCOME TAX, SOCIAL SECURITY
TAX, AND MEDICARE TAX
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
5
3
2
1. Write the date.
2. Write the titles of the three
accounts debited.
4
3. Write the check number.
4. Write the debit amounts.
5. Write the amount of the credit.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
21
PAYING THE LIABILITY FOR
FEDERAL UNEMPLOYMENT TAX
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 386
LESSON 13-1
22
JOURNALIZING PAYMENT OF LIABILITY
FOR FEDERAL UNEMPLOYMENT TAX
page 387
January 31. Paid cash for federal unemployment tax liability for
quarter ended December 31, $34.60. Check No. 367.
1
2
3
4
5
1. Write the date.
2. Write the title of the account debited.
3. Write the check number.
4. Write the debit amount.
5. Write the amount of the credit to Cash.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
23
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
2
3
4
5
1. Date
2. Account debited
3. Check number
4. Debit amount
5. Credit amount
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1
24
TERMS REVIEW
page 389
 lookback period
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 13-1