Component BASICS
Payroll Component Basics Quiz
Test your knowledge on payroll components with our interactive quiz! This quiz covers essential concepts and fun
- 10 multiple choice questions
- Designed to enhance your understanding of payroll management
- Immediate feedback on your answers
To COPY the tax code and the pre-defined formula from an existing component to a new component: What function is clicked?
Edit
Add
Tax Code
Non-statutory components on the payroll components screen can be DELETED if they have not been added to an employee's record?
True
False
Minimum and maximum values assigned to a payroll component can be overwritten on the Recurring Payroll Components Screen?
True
False
When defining an Income Base for extra hours worked. What Source Type should be used in the formula?
Hours per Period
Hourly Rate
Days per Period
A components tax code can be overwritten on the General Ledger parameters screen when editing a component?
True
False
Where do you enable the calculation order number to show on the payroll components screen?
On the Component itself
General Ledger
Company Settings
By default, all components display on the employee's PDF payslip?
True
False
To include a UIF Deduction in the Gross Up calculation for a Gross Up Bonus. This can be enabled under:
Company Settings
Gross Up Bonus Component
Component Income Base
Is there an "extra option" that can be applied on a component to ensure that a Recurring Payroll Component can calculate on the Edit Payslip Screen without Basic Pay being present?
True
False
When copying a component with an Income Base. You can change the Income Base, and this will not affect the Income Base of the original component?
True
False
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