Day 120

After studying Chapter 13, you will be able to:

• Define accounting terms related to payroll accounting, taxes, and reports.
• Identify accounting concepts and practices related to payroll accounting, taxes, and reports.
• Analyze payroll transactions and record a payroll.
• Record employer payroll taxes.
• Prepare selected payroll tax reports.
• Pay and record withholding and payroll taxes.

Lesson 13-1 Notes

1. Obtain a copy of the notes handout.
2. Read Lesson 13-1 on pages 368-372.
3. As you read, utilize this presentation to help you fill in the missing parts on the handout.

Chapter 13 Folder

1. Inside of your Part 2 folder, create a new folder titled Chapter 13.  All your tasks completed in Chapter 13 should be stored in this folder.

Working Together 13-1

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 13 folder.
3. Rename the file to Lesson 13-1 (Your Initials)
4. Complete the spreadsheet according to the directions on page 372 or below.

On Your Own 13-1

1. Butler Company’s payroll register has the following totals for the semimontly pay period, August 16-31 of the current year.  T accounts and a cash payments journal page are provided in the Lesson 12-1 spreadsheet.  Work this problem independently.  Following the instructions on page 372 or below.
   

   Total Earnings	Federal Income Tax Withheld	Social Security Tax Withheld	Medicare Withheld
   $14,260.00	$1562.00	$884.12	$206.77

Self-Assessment 13-1

1. Complete this self-assessment for Lesson 13-1.  You can use your textbook and notes to complete this assessment.  

Application Problem 13-1

1. Using your Lesson 13-1 spreadsheet, click on the Application Problem 13-1 sheet at the bottom left, and complete the problem as directed on page 391 or below.