Advanced Payroll Components and Basic Legislation

Statutory and automatic components can be edited on the Payroll Components Screen.
True
False
The Company Level User has noticed a tax code that displays in red on the Payroll Components Screen. Select the screen on which this tax code was changed.
General Ledger Parameters Screen
Payroll Components Screen
Company Settings Screen
Recurring Payroll Components Screen
Payslip Edit Screen
Pay Frequencies Screen
In this scenario, the pre-defined formula displays as follows: (((System Default or Comp Income Base)/Hours Per Period) x EE Advised Hours) + EE Advised Amt The Company Level User has defined an income base. When processing hours on the employee’s record, the user will have to advise whether the System Default or the Comp Income Base should be applied.
True
False
In a South African Tax Authority Country, the pre-defined formula for the Automatic Bonus/Tax Spread component, states as follows: (Comp Income Base X Bonus Provision Count X Bonus Provision %) – System Predefined Component Select the correct Bonus Provision % to apply in the Open Run of June, based on the following statements: The employee will receive a guaranteed Bonus in October. The provision for tax on bonus should calculate for the whole of the tax year. The employee is linked to the Automatic Bonus/Tax Spread Note Component in the Open Run in March.
1/12 = 0.0833
1/8 = 0.125
5/12 = 0.4167
1/9 = 0.1111
You can copy a component and specify a different payslip name. However, the override formula cannot be set-up without affecting the original component.
True
False
The Company Level User would like to create formulas to automate the company’s annual shutdown. They would like the system to increase the tax periods with the number of leave pay weeks. This can be accommodated by storing the leave pay weeks on an Early Storage Component.
False
True
The Calculation Breakdown Screen can be used to investigate calculations of pre-defined formulas on an employee’s Payslip Edit Screen. The heading, Additional Information, will display _____, if it was applied in the formula. Select the correct option from the list below.
The employee’s BCOE income
The employee’s Engagement Date and Termination Date
The employee’s leave balance
The employee’s recurring package rate
The employee’s hourly rate
The company has a Charity Fund, where employees can choose to contribute a R100 or R150. To avoid typo’s the Company Level User would not like to advise the amounts per employee record. Select the pre-defined formula that offers the easiest way to automate this requirement.
Comp Indicator
Comp Income Base
EE Recurring + EE Advised Amt
Employee Qty X Employee Rate
Comp Income Base X EE Advised Qty
The Basic Conditions of Employment Act applies to all workers and employers except for: Multiple answers are possible.
The National Defence Force
Employees who work less than 24 hours per month
The South-African Secret Service
Unpaid Volunteers
Employees on a learnership agreement
Employees may exchange their BCEA annual leave for money.
True
False
The purpose of the BCEA is to ensure that previously disadvantaged groups in South Africa get equal opportunities in the workplace.
True
False
Remuneration is defined as payment:
In cash or kind for work done.
For ordinary hours of work.
According to the BCEA, how many months must an employer give an employee before the annual leave entitlement lapses?
18 Months
12 Months
16 Months
An employee must have a meal interval of at least 30 minutes after 5 consecutive hours of work, no agreement is required with the employee.
True
False
If a domestic worker has been working for an employer for more than 6 months , what will the notice period be should the domestic worker resign?
1 Week
2 Weeks
4 Weeks
{"name":"Advanced Payroll Components and Basic Legislation", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Statutory and automatic components can be edited on the Payroll Components Screen., The Company Level User has noticed a tax code that displays in red on the Payroll Components Screen. Select the screen on which this tax code was changed., In this scenario, the pre-defined formula displays as follows: (((System Default or Comp Income Base)\/Hours Per Period) x EE Advised Hours) + EE Advised Amt The Company Level User has defined an income base. When processing hours on the employee’s record, the user will have to advise whether the System Default or the Comp Income Base should be applied.","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by: Quiz Maker