The journal entry to record the payroll from Figure 6.1 , on pages 62 and 63, would be: Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 62 and 63 would be (assume a SUTA tax rate of 3.0% ): income taxes withheld each month is $1,040. Journalize the payment of wages, and record the payroll tax on November 29. For a compound transaction, if an amount box does not require an entry, leave it blank. When required, round your answers to the nearest cent. November 29 payroll. Journalize the electronic transfer of the payroll taxes on December 16. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent