© 2014 Cengage Learning. All Rights Reserved. Learning Objectives LO4 Prepare selected payroll tax reports. © 2014 Cengage Learning. All Rights Reserved.

Employer Annual Report to Employees of Taxes Withheld Lesson 13-3 Employer Annual Report to Employees of Taxes Withheld LO4

Employer’s Quarterly Federal Tax Return Lesson 13-3 Employer’s Quarterly Federal Tax Return LO4 Heading 1 Number of Employees 2 Total Quarterly Earnings 3 Income Tax Withheld 4 Employee and Employer Social Security and Medicare Taxes 5 Total Employee and Employer Social Security and Medicare Taxes 6 Total Taxes 7

Employer’s Quarterly Federal Tax Return Lesson 13-3 Employer’s Quarterly Federal Tax Return LO4 State Abbreviation 8 Monthly Schedule Depositor 9 Monthly Deposits 10 Total Deposits 11

Employer Annual Reporting of Payroll Taxes Lesson 13-3 Employer Annual Reporting of Payroll Taxes LO4

Lesson 13-3 Audit Your Understanding 1. When must employers furnish a W-2 statement to their employees? ANSWER By January 31 of the following year

Lesson 13-3 Audit Your Understanding 2. What taxes are included in the quarterly federal tax return filed by the employer? ANSWER Federal income tax Social security tax Medicare tax