Payroll Funds
Payroll Funds Mastery Quiz
Welcome to the Payroll Funds Mastery Quiz! Test your knowledge on essential payroll fund concepts and ensure you're equipped to handle payroll accurately.
This quiz covers topics such as:
- Income base for funds
- Pension and provident fund management
- Error handling in payroll systems
What is the recommended year linked to Funds in order to pull though on the payslip
2012
1950
2022
2020
Funds are added on the employees Edit Payslip Screen.
True
False
ERROR: Income Base is required for the fund to pull through the calculation. Where do I setup the Income Base for the Pension / Provident Fund?
On the Fund itself
On the Recurring Payroll Component Screen
On the Edit Payslip Screen
Support Ops needs to add it from the back end
The Provident Fund it not on the drop down list, to where do I escalate this to be added?
Support Ops
Compliance
S2B
Consulting
Where do I stop the Provident Fund to stop calculating in the following months for one employee?
On the Fund itself
On the Recurring Screen > Additional Fields
On the Edit Payslip Screen > Delete the Fund
Under Payroll Components
Where do I select the Fund to be part of package for one employee
Payroll Component Screen
Edit Payslip Screen
On the Fund itself under Config
On the Recurring Payroll Component Screen
I have Monthly and Weekly employees. I have added the Pension Fund under Config. I have also added the Component under the Monthly Frequency. Why is the Component not appearing on the Recurring Screen for my Weekly employees?
Components are setup per frequency
Weekly employees cannot be linked to Funds
Multiple pension / provident funds can have the exact same date
True
False
A Payroll Fund can only be deleted if it is not linked on any Employee Recurring Component Screen.
True
False
There can only one instance per pension / provident fund.
True
False
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