1. EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD
Lesson 14-3, page 341

2. EMPLOYER’S QUARTERLY FEDERAL TAX RETURN
1. Heading
2. Number of Employees 1
3. Total Quarterly Earnings
4. Income Tax Withheld
5. Employee and Employer Social Security and Medicare Taxes 2 3 4
6. Social Security plus Medicare Taxes 5 6
7. Total Taxes 7
8. Total Taxes for Each Month
9. Total Taxes 8 9
Lesson 14-3, page 342

3. PREPARING EMPLOYER’S QUARTERLY FEDERAL TAX RETURN
Calculate Social Security and Medicare Taxes    
Total Earnings  Tax Rate = Tax
Social Security $22,  13% = $2,934.75
Medicare $22, % = $
Calculate Social Security and Medicare Taxes    
Employee Employer
Social Social
Federal Income Security and Security and Federal Tax
Tax Withheld + Medicare Tax + Medicare Tax = Liability
Dec $ $ $ =
Dec $ $ = $873.16
Totals $ = $1,754.82
Lesson 14-3, page 343

4. EMPLOYER ANNUAL REPORTING OF PAYROLL TAXES
Lesson 14-3, page 344