Exam (elaborations)
Workday Pro Payroll (Knowledge Check): Questions With Correct Solutions
- Module
- Institution
Workday Pro Payroll (Knowledge Check): Questions With Correct Solutions
[Show more]
Seller
Follow
Studyhall
Reviews received
Content preview
Workday Pro Payroll (Knowledge Check): Questions With Correct SolutionsWhat is an example of an object? Right Ans - Organizations, workers, and positions
T/F You can calculate payroll multiple times during a pay period? Right Ans - True
T/F To include compensation data in your payroll results, you must run a compensation? Right Ans - False
What three items comprise the payroll processing framework, which identifies the when, what, and who process? Right Ans - Period Schedule(when), Run Category (what), and Pay Group (who)
T/F Workday Payroll, Absence and Time Tracking can share period schedules? Right Ans - True
What are two specific types of pay accumulations that you specified in your regular run? Right Ans - Gross and Net
What are run categories assigned to in order to pay workers? Right Ans - Pay groups and Period Schedules
T/F You cannot complete payroll until you have defined the payment elections
rules for the run category? Right Ans - True
What is an organization type that is unique to payroll? Right Ans - Pay Groups
T/F Workday delivers and maintains tax data required for payroll tax processing, including rate, limits, and calculations? Right Ans - True
Where can you find information on the latest compliance changes? Right Ans - Payroll Compliance Updates
Earnings and deductions are also called? Right Ans - pay components You need to calculate the year-to-date amount of employee reported tips. What do you need to create? Right Ans - Pay Balances
T/F PCGs only sum values. They do not subtract values Right Ans - True
What type of calculation returns the sum, average, minimum or maximum of two or more values? Right Ans - Aggregate
What type of calculation can you use to return a t/f value? Right Ans - Logic
What field links an earning to a compensation plan? Right Ans - Compensation Element
You just entered payroll input for three workers. What is the most efficient way to run a pay calculation for these workers? Right Ans - Run a calculation selecting Smart Calculation Based on Events > Payroll Input
What is a Pay Component Related Calculation (PCRC)? Right Ans - A related
calculation that is used in the definition of an earning or deductions
T/F You can define the order in which to eliminate or reduce deductions if an employee's net pay is zero or drops below the minimum net amount for the run category? Right Ans - True
When would you select the Special Entry checkbox when adding payroll input? Right Ans - Select this checkbox if you want to change an earning or deduction even if input is not allowed, based on the pay component's configuration. When Special Entry is selected, Input Details will allow entry of any type, such as hours, amount, or rate
T/F You cannot delete payroll input once you have run pay calculation? Right Ans - False
T/F When using payroll input to enter an ongoing deduction, the Start Date and End Date fields are both required? Right Ans - False
Which payroll input processing option do you select when you need to add or subtract from an existing payment? Right Ans - Adjustment You need to process a spot bonus payment for a worker in the current, regular
pay period. What processing options should you use? Right Ans - One time, Override, regular run
You want to add a pay component to the Workday-delivered Payroll Register. What task do you use? Right Ans - Maintain Register Configuration task
What are the steps for processing a withholding order? Right Ans - 1. Identify disposable income or appropriate wage base for a withholding order. 2. create a deduction recipient. 3. record the details of the withholding order.
T/F You need to define the calculation rules and components required to process withholding orders? Right Ans - False
T/F You must set up withholding order priorities in Workday? Right Ans - False
When defining ledger account type, which types should be set up for payroll? Right Ans - Assets, Liabilities, and Expense. Best practice to set up the Balance Sheet and Income Statement
T/F You can define default account for posting and modify posting condition rules? Right Ans - True
You need to see what workers have costing allocations assigned to them. What
report can you access? Right Ans - All Workers Costing Allocations
What must be defined before setting up banks and other financial institutions?
Right Ans - Companies, Company hierarchies, Payment type
What task do you use to specify the options employees have when selecting their payment elections? Right Ans - Maintain Payment Election Rules
T/F Payroll is the only area of Workday that uses the Settlement Engine. Right Ans - False. Payroll Supplier and expense payments
T/F Workday recalculates supported retroactive changes and forwards the difference to the current period? Right Ans - True
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.11. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now