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Allison Hardware Company's payroll for November 2015 is as follows: factory, euro140,000; sales, euro32,000; and administrative, euro36,000. The Social Security rate is 8% on an
Allison Hardware Company's payroll for November 2015 is as follows: factory, euro140,000; sales, euro32,000; and administrative, euro36,000. The Social Security rate is 8% on an employee's wages. Income tax withheld amounts to euro16,000 for factory, euro7,000 for sales, and euro6,000 for administrative. Prepare a schedule showing the employer's total cost of salaries and wages for November by function. Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer's payroll taxes
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