Advanced Payroll Components and Frequencies
Advanced Payroll Quiz
Test your knowledge on advanced payroll components and frequencies with our engaging quiz! Whether you're a payroll professional or just looking to learn more, this quiz is designed to challenge your understanding and improve your skills.
Key Features:
- 10 Thought-Provoking Questions
- Instant Feedback on Answers
- Improve Your Payroll Knowledge
A recovery rule is an option where you can select how a deduction component should be recovered if the employee does not have enough earnings to absorb the required deduction. On which screen is the recovery rule configured?
Edit Payslip Screen
Recurring Payroll Components
Company Settings
Payroll Components Screen
By default, the first option will be selected when a company is created.
True
False
A Travel Allowance of R500.00 was processed on the Edit Payslip screen. Upon saving the Travel Allowance a value of R1000.00 reflects on the payslip. Select the correct reason.
The component amount was overwritten on the Bulk Actions screen.
A minimum value of R1000.00 was indicated on the Payroll Component screen.
Travel Allowance cannot be processed on the Edit Payslip screen.
A maximum value of R1000.00 was indicated on the Payroll Component screen.
A Housing Allowance amount was processed on the Edit Payslip screen. A Company Level user deactivated the component in the current open run. What will happen to the amount processed on the Edit Payslip screen?
The amount processed will still display.
The amount processed will be removed.
On which screen do we ensure the system will not enforce a Pre-defined Formula, but only the Income Base setup on this screen?
Company Settings
Basic Company Information
Define the Income Screen
Payroll Components Screen
When the above option is selected on the Leave Scheme Parameters screen, leave will automatically encash to this component.
True
False
When adding the component Automatic Bonus / Tax Spread the option to select if the Tax spread is applicable can only be configured on the Payroll Components screen.
True
False
When transferring employee's from one frequency to another it results in separate tax certificates.
True
False
Can a frequency be deleted once setup?
Yes, as long as it is not linked to any dependencies.
No, it can only be renamed to 'do not use'.
Each pay frequency would need to have a specific tax prefix number to ensure that the IRP5 CSV File does not override each time you upload a different frequency into e@syFile™ Employer.
True
False
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