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Oracle Payroll Cloud 1Z1-1050 Try it now!
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1Z1-1050 PDF DEMO:
QUESTION NO: 1
Which statement accurately describes how you create a tax reporting unit (TRU)?
A. 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.
B. 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.
C. You can identify a legal entity as a tax reporting unit.
D. 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.
Answer: B
QUESTION NO: 2
A court has issued an order for deductions to be taken from a worker's salary and paid to an ex-spouse. The court order includes instructions for the company to make payments directly to the ex-spouse and has included their bank details.
How should you enter these details into the application?
A. This requirement cannot be met in cloud payroll; all such payments should be sent to the court.
B. Enter the bank details on a third-party organization page.
C. Enter the bank details on personal payment methods page.
D. Enter the bank details on the manage third-party person payment methods page.
Answer: D
QUESTION NO: 3
If you create an overtime element with a category of "Timecard", on which input will the overtime hours be held?
A. An element with "Timecard" category does not create any input values.
B. Overtime hours will be captured in the "Hours Worked" input value.
C. Overtime hours will be captured in the "Hours Calculated" input value.
D. Overtime hours will be captured in the "Hours" input value.
Answer: D
QUESTION NO: 4
Where would a payroll flow task retrieve its parameter information when selecting "Bind to
Flow Task Parameter"?
A. Derives the value from the context of the current flow instance
B. Derives a specific value to the parameter as entered by the user
C. Derives the value from a SQL Bind
D. Derives the value from the output of the previous task
Answer: D
QUESTION NO: 5
A customer wants to distribute the costs of a benefits element, which is at payroll relationship level, to employee earnings.
How should you define the costing rules to meet this requirement?
A. Create the costing of type "Costed" and because it is a relationship level element, it automatically distributes the costs over earnings elements.
B. you cannot distribute the costs of an element.
C. Create a distribution group with earnings elements and create the distributed costing on relationship level element.
D. Create the costing as Fixed Costed on payroll relationship level element, because the element is at relationship level. It automatically distributes costs for earnings elements, which are at assignment level.
Answer: C
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Updated: May 28, 2022