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Payroll Funds

Create an image showing a professional office environment with a desk featuring a computer, payroll documents, and a calculator, symbolizing payroll management, finance, and organization in a corporate setting.

Payroll Funds Mastery Quiz

Welcome to the Payroll Funds Mastery Quiz! Test your knowledge on essential payroll fund concepts and ensure you're equipped to handle payroll accurately.

This quiz covers topics such as:

Income base for funds
Pension and provident fund management
Error handling in payroll systems

10 Questions2 MinutesCreated by CalculatingPine42

What is the recommended year linked to Funds in order to pull though on the payslip

2012

1950

2022

2020

Funds are added on the employees Edit Payslip Screen.

True

False

ERROR: Income Base is required for the fund to pull through the calculation. Where do I setup the Income Base for the Pension / Provident Fund?

On the Fund itself

On the Recurring Payroll Component Screen

On the Edit Payslip Screen

Support Ops needs to add it from the back end

The Provident Fund it not on the drop down list, to where do I escalate this to be added?

Support Ops

Compliance

S2B

Consulting

Where do I stop the Provident Fund to stop calculating in the following months for one employee?

On the Fund itself

On the Recurring Screen > Additional Fields

On the Edit Payslip Screen > Delete the Fund

Under Payroll Components

Where do I select the Fund to be part of package for one employee

Payroll Component Screen

Edit Payslip Screen

On the Fund itself under Config

On the Recurring Payroll Component Screen

I have Monthly and Weekly employees. I have added the Pension Fund under Config. I have also added the Component under the Monthly Frequency. Why is the Component not appearing on the Recurring Screen for my Weekly employees?

Components are setup per frequency

Weekly employees cannot be linked to Funds

Multiple pension / provident funds can have the exact same date

True

False

A Payroll Fund can only be deleted if it is not linked on any Employee Recurring Component Screen.

True

False

There can only one instance per pension / provident fund.

True

False

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