ASSESMENT-4

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1. What is payroll definition?

Ans: Determines calculation and cost of payments

2. How many types of payment methods are available?

Ans: 5 (cash, debit, credit, check, eft, mobile)

3. What are different types of pay frequencies?

Ans: biweekly, monthly, annually

4. What is a consolidation group?

Ans: Allow separate payroll run results

5. What is the legislative data group?

Ans: group of data for payroll processing. There has to be a different group for each employee’s
country’s money

6. what is date of sets? (Mention all types of date of sets)

Ans: lists of values that can include numbers

7. What are time periods?

Ans: date ranges

8. What are different types of element classifications?

Ans: primary and secondary

9. Mentioned your primary classifications?

Ans: active, fulltime, hourly, etc.

10. in what scenarios secondary classification becomes mandatory?

Ans: to manage taxes and deductions

11. what is salary basis?

Ans: Factors that determine compensation

12. What is an object group?

Ans: group of elements or people

13. Where do you enable Proration option?

Ans: Element entry

14. What is retro pay?

Ans: backpay

15. what is static and dynamic

Ans: Static – you can select what to include or exclude. Dynamic uses formula.

16. Can I delete an element?

Ans: no

17. What are different types of object groups available?

Ans: elements, payroll relationship, work relationship

18. What are different types of event groups available?

Ans: action, proration, and retroactive

19. What is an element entry?

Ans: an existing element

20. What is balance definition?

Ans: negative and positive accumulation of balance

21. Navigation to add balances?

 Ans: Setup and maintenance > task > search > create balance

22. Define latest start date?

Ans: final close

23. What option to be chose if an element has to be available beyond termination date of
employee?

Ans: proration

24. what are different types of categories available?

Ans: consolidation group, run group, distribution group

25. what are different types of process type available?

Ans:

26. What is period start date and end date ?

Ans: payroll cycle duration

27. Define the payroll cycle?

Ans: pre payroll, actual payroll, post payroll

28. Navigation to rollback any payroll process?

Ans:

29. How to validate payroll results?

Ans: Run report. My client groups > Validate

30. what is statement of earnings?

Ans: Shows the balance after payroll complete.