Adjustments Quiz

A modern office setting with people discussing financial adjustments, charts and graphs related to wages, and a computer screen displaying a quiz interface.

Adjustments Knowledge Quiz

Test your understanding of adjustments in the financial year period with our engaging quiz. This quiz is designed for professionals looking to sharpen their skills and ensure compliance.

  • 12 thought-provoking questions
  • Multiple choice and checkbox formats
  • Instant feedback on your answers
12 Questions3 MinutesCreated by CalculatingEagle512
What is the maximum amount of days we can enter for a financial year period?
However many the employer provides
365
260
220
What is the variance that we should be checking regular workers wages for?
5%
2%
20%
10%
What do we compare when trying to identify is any variance is applied in the workers wages?
Wages for other periods of the adjustment only
Wages provided on previous WDW's by the same employer
All wages ever provided for this particular worker
Both A & B
When should we be checking for the variance in wages?
Before submitting the adjustment
Never - the approver checks for this
What should we be checking when reviewing working director wages?
Consistent wages
No variances greater than 5%
All of the above
Where can you find the ADJ quality measures?
There are none
The Phones & Admin shared folder
By asking your TL
What needs to be inlcuded in your adjustment explanation? Please select all
ADJ ID
Worker phone number
Worker details (reg number & name)
Period of adjustment
How long the worker has been part of the scheme
Location of Rule that explains why this worker is covered
Reason the ADJ is being raised
Type of work performed
If any amendments are made to the information that has been provided by the employer you must include:
Confirmaton of this in writing
A note explaining the reason for this
Nothing
Leave it to the approver to work it out
Any adjustment notes must be added to:
Worker & Employer
Worker only
Employer only
What information must be attached to your adjustment?
The information received by the employer only
Any correspondence relating to the adjustment
Any workings out/calculations used for the adjustment
All of the above
What date should the effective date be?
The date the employer called us
The date we are raising the adjustment
The date the information included in the adjustment was received
When the ADJ is for less than ____ workers, we need to include worker details in the explanation & add notes to their accounts
5
2
6
8
10
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