1Z0-1050-21 by Oracle Actual Free Exam Q&As

Question 1

Select the statements that are true about Payroll Elements.
(Choose two.)
Response:

A. It has three classifications: primary, secondary, and sub-classification. B. It allows you to set an eligibility criteria to enable a certain element for a group of employees. C. The processing rules can be set only to a default value of Flat Amount for the elements. D. It is associated only with Global Payroll.

Discussion 0

Correct Answer: A,B Vote an answer

Question 2

Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct?
(Choose two.)
Response:

A. A legal entity cannot be both a legal employee and a PSU. B. Legal employers are legal entities responsible for paying workers. C. A legal employer can be associated with multiple PSUs. D. PSUs are legal entities responsible for payroll tax and social insurance reporting.

Discussion 0

Correct Answer: B,D Vote an answer

Question 3

You hire an employee on 01-JAN-2016. The employee is in the process of moving bank accounts and is yet to create a personal payment method.
How will the employee receive their payroll payment for the month of January?
Response:

A. They will be paid by check, because this is the default payment method on the employee's payroll. B. A cash payment request will be sent to accounts payable, and the employee will bepaid in cash. C. The payment process will error and they will not receive payment for the month of January. D. They won't receive payment until they have created a personal payment method.

Discussion 0

Correct Answer: A Vote an answer

Question 4

Which of the following roles could a user have in order to control paroll-related information?
Response:

A. All of the above. B. Payroll Manager. C. Payroll Administrator. D. Employee.

Discussion 0

Correct Answer: A Vote an answer

Question 5

What happens if the costing process does not find a value for a segment defined as mandatory, and you create a suspense account at Payroll level?
Response:

A. Costing results display a blank (null) value in the segment. B. Costing results are placed into suspense account. C. No costing results are created for the person. D. Calculation displays an error, and the person's results are not costed.

Discussion 0

Correct Answer: B Vote an answer

Question 6

From the HR system, select the tasks that are also used for validation and tax purposes in Global Payroll.
(Choose three.)
Response:

A. Manage Legal Jurisdictions. B. Manage Common Lookups. C. Manage Elements. D. Manage Geographies.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 7

You're viewing the SOE of an employee and after running quickpay, formula will pull more information regarding the employee. Where can you view that information?
Response:

A. Run results. B. Messages. C. Rate details. D. Balances.

Discussion 0

Correct Answer: A Vote an answer

Question 8

Your company wants to pay its employees from company bank account A and their third parties from company bank account B.
What is the recommended approach for this?
Response:

A. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table. B. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments. C. Write a formula to select the correct bank account for employees and third parties. D. Ensure you run the prepayments process separately for your employees and your third parties.

Discussion 0

Correct Answer: D Vote an answer

Question 9

You created organization payment methods of type Check and EFT for your customer. However, they inform you that they only want to allow their employees to create personal payment methods of type EFT.
Which additional setup step must you also complete?
Response:

A. Disable the payment type field from the personal payment method page. B. Only attach organization payment methods of type EFT to the employees' payroll. C. Create a formula to restrict payment types available to employees and attach it to the payroll user interface configuration user-defined table. D. Create an information element, with an input value to store the payment types available to employees.

Discussion 0

Correct Answer: B Vote an answer

Question 10

Select the statements that are true about Balance Definitions.
(Choose two.)
Response:

A. It is also referred to as special accumulators. B. All of the above. C. It cannot be set up manually by using "Setup and Maintenance". D. It allows you to accumulate balances over a period of time.

Discussion 0

Correct Answer: A,D Vote an answer

Oracle Payroll Cloud 2021 Implementation Essentials - 1Z0-1050-21 Exam Practice Test