Payroll Accounting Practice Questions 1. Prepare the payroll register based on the data below and the entry to record this payroll in the company's General Ledger. Assume that Income Tax is 20%, Canada Pension is 5% and Employment Insurance is 7%, of the net wage, for each employee. Income Tax CPP Net Pay Mary Brown Gross Wage $500 100 25 35 340 Jack Smith Gross Wage $400 80 20 28 272 Tom Jones Gross Wage $600 120 30 42 408 1500 300 75 105 1020