Online 1Z0-1050-24 Practice Test

Question 1

How should you configure the predefined payslip report to meet your customers payslip requirements?

Options :

A : Open the seeded Payslip report and edit the template.

B : Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.

C : Rename the seeded Payslip report and edit the content within the seeded template.

D : Payslips cannot be configured and must be built from the beginning.

Answer: C

Question 2

Your customers requirement is to pay employees within each of their three business units from a different bank account. Which three setup steps should you complete? (Choose three.)

Options :

A : Create three organization payment methods each with a different payment source

B : Create a Default Payer Element with a Payment Criteria input value

C : Write a formula to retrieve the employees business unit details

D :

Create one organization payment method with three payment sources and define three payment method rules based on each business unit

Answer: A,C,D

Question 3

Which statement accurately describes how you create a tax reporting unit?

Options :

A :

When you identify a legal entity as a payroll statutory unit, the application transfers the legal reporting units that are associated with that legal entity to HCM as tax reporting units.

B :

If you identify a legal entity as a payroll statutory unit, you will have the option to identify the payroll statutory unit as a tax reporting unit.

C : You can identify a legal entity as a tax reporting unit.

D :

When you identify a legal entity as a legal employer, the application transfers the legal reporting units that are associated with that legal employer to HCM as tax reporting units.

Answer: A

Question 4

You notice that the Cost Center segment, which is defined using Manage Department Costing, has not been

populated for an element in the costing results.

What are two reasons for this?

Options :

A : There is no costing option defined for the element.

B : The costing type is defined as Distributed for the element.

C : Element is at Payroll relationship level and the costing type is defined as “Costed”.

D : The costing type on the element is defined as “Fixed Costed”.

Answer: A,B

Question 5

What are three important considerations when you create your batch data to initialize employee balances?

Options :

A : You must use the same date for all batch detail lines.

B : You must create your batches by Legislative Data Group.

C : You must include all balances for one employee within one batch.

D : You must initialize balances before you run any payroll processes.

Answer: B,C,D

EXPERTY DESIGNED 1Z0-1050-24 PRACTICE TEST