Day 122

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 13-3 Notes

  1. Obtain a copy of the notes handout.
  2. Read Lesson 13-3 on pages 378-382.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout. 

Working Together 13-3

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 13 folder.
  3. Rename the file to Lesson 13-3 (Your Initials)
  4. Complete the spreadsheet according to the directions on page 382 or below.

On Your Own 13-3

  1. A Form 941, Employer’s Quarterly Federal Tax Return, is given in the Lesson 13-3 spreadsheet.  Work this problem independently.  Following the instructions on page 382 or below.

Self-Assessment 13-3

  1. Complete this self-assessment for Lesson 13-3.  You can use your textbook and notes to complete this assessment. 

Application Problem 13-3

  1. Using your Lesson 13-3 spreadsheet, click on the Application Problem 13-3 sheet at the bottom left, and complete the problem as directed on page 392 or below.