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Lesson 13 2
Lesson 13 2
Lesson 13 2
Lesson 13 2
Lesson 13 2
Lesson 13 2
Lesson 13 2
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Lesson 13 2

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  1. LESSON 13-2 Recording Employer Payroll Taxes CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  2. 2 UNEMPLOYMENT TAXABLE EARNINGS page 374 2 1 3 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 13-2
  3. 3 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 13-2
  4. JOURNALIZING EMPLOYER PAYROLL TAXES (continued on next slide) 4 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 13-2
  5. 5 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
  6. 6 TERMS REVIEW page 377  federal unemployment tax  state unemployment tax CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2
  7. 6 TERMS REVIEW page 377  federal unemployment tax  state unemployment tax CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2

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