Oracle Payroll Cloud 2022 Implementation Professional - 1z0-1050-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct? (Choose two.)

A. PSUs are legal entities responsible for payroll tax and social insurance reporting. B. A legal employer can be associated with multiple PSUs. C. A legal entity cannot be both a legal employee and a PSU. D. Legal employers are legal entities responsible for paying workers.

Discussion 0

Correct Answer: A,D Vote an answer

Question 2

Where would a payroll flow task retrieve its parameter information when selecting "Bind to Flow Parameter"?

A. Derives the value from one of the task parameter values B. Derives the value from one of the flow pattern parameter values C. Derives the value from the context of the current flow instance D. Derives the value from the output of the previous task

Discussion 0

Correct Answer: B Vote an answer

Question 3

Your company wants to pay its employees from company bank account A and their third parties from company bank account B. What is the recommended approach for this?

A. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table. B. Write a formula to select the correct bank account for employees and third parties. C. Ensure you run the prepayments process separately for your employees and your third parties. D. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

Discussion 0

Correct Answer: A Vote an answer

Question 4

You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department.
What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?

A. You roll back only the costing process and rerun it. B. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups. C. You cannot rectify the costing results after they are created. D. You do the adjustments in General Ledger because you cannot do changes in the costing results.

Discussion 0

Correct Answer: B Vote an answer

Question 5

You have an earnings element with the latest entry date as "Last Standard Earning Date" without Proation enabled.
When an employee is terminated in the middle of a pay period, how would the element be processed?

A. The element does not get processed with because it gets end dated before the standard earning date and proratio is not enabled on this element. B. The element gets processed with full value. C. The element gets processed with zero value and a warning message is displayed. D. The element gets processed with prorated value.

Discussion 0

Correct Answer: D Vote an answer

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Question 6

What is the maximum number of segments that a cost allocation key flexfield can have?

A. 20 B. 10 C. 30 D. 25 E. 15

Discussion 0

Correct Answer: C Vote an answer

Question 7

You need to associate a worker to your customer's weekly payroll but the payroll field only displays values for the monthly and by-weekly payrolls.
Which two issues are the source of problem? (Choose two.)

A. The weekly payroll has not been enabled for the worker's PSU. B. Your data role does not include a payroll security profile that includes the weekly payroll. C. The weekly payroll has not been created in the worker's legislative data group. D. You do not have the Manage Payroll Definition duty role.

Discussion 0

Correct Answer: B,D Vote an answer

Question 8

You have a tax deduction element that credits the same account for all employees irrespective of their home department.
How do you define the costing rules to meet this requirement?

A. You create the costing with "Costed" option on tax element. B. You create the costing with distributed option. C. You create Fixed Costing on tax deduction element. D. You cannot meet this requirement because the costs are automatically apportioned to the respective departments.

Discussion 0

Correct Answer: C Vote an answer

Question 9

You have a requirement to verify the costing results of a person in a particular payroll run.
In which three ways do you verify the costing results of a single person? (Choose three.)

A. You can run the Payroll Costing Report for a single person. B. You cannot view the costing results of a single person. C. You can use the OTBI - Payroll Run Costing Real Time subject area. D. You can view the costing results from Statement of Earnings -> View Costing Results.

Discussion 0

Correct Answer: A,C,D Vote an answer