TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 11 - Price, Haddock, Farina

Chapter 11 - Payroll taxes, deposits, and reports. After reading this chapter, you should be able to: Explain how and when payroll taxes are paid to the government; compute and record the employer's social security and medicare taxes; record deposit of social security, medicare, and employee income taxes;. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Payroll Taxes, Deposits, and Reports Section 1: Social Security, Medicare, and Employee Income Tax Chapter 11 Section Objectives Explain how and when payroll taxes are paid to the government. Compute and record the employer’s social security and Medicare taxes. Record deposit of social security, Medicare, and employee income taxes. Prepare an Employer’s Quarterly Federal Tax Return, Form 941. Prepare Wage and Tax Statement (Form W-2) and Annual Transmittal of Wage and Tax Statements (Form W-3). Employers make tax deposits for Federal income tax withheld from employee earnings Employees' share of social security and Medicare taxes withheld from earnings Employer's share of social security and Medicare taxes Effective Jan. 1, 2011, ALL employers, regardless of size, must remit payroll tax payments via EFTPS (Electronic Federal Tax Payment System.) Who Deposits Payroll Taxes Objective

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Payroll taxes
• Employee income tax
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions