Question: 1. Multiple Choice check the correct answer number 5 marks a. In which method of processing payroll does a third party handle an organizations entire
1. Multiple Choice check the correct answer number 5 marks a. In which method of processing payroll does a third party handle an organizations entire payroll, human resources and benefits functions? Comprehensive Outsourcing Enterprise Wide System In-house Designed System Software Package b. What page is used to reactivate an employee who has been on leave? Employee Timesheet Hire/Profile Rapid Entry Status Changes c. What type of system integrates several business functions into one unified database? Enterprise Wide System In-House Designed System Outsourced Services Software Package d. If a new salaried employee should not be paid for the entire pay period on their first pay, you should: create a new employee timesheet create an extra payroll run override their salary produce a manual cheque for the employee e. How many business days are required between the submit for processing date and the payment date? two three Four five Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 4 2. True/False indicate the correct response with an X 6 marks a. Data verification can only be performed once, when all the payroll data has been entered. TRUE _____________ FALSE _____________ b. If an employees information differs from the New Hire defaults set up, it cannot be overridden on the Employee Profile page. TRUE _____________ FALSE _____________ c. While the Customer Service representatives are knowledgeable about Canadian payroll legislation, it is the clients responsibility to ensure that the payroll is set up and processed in compliance with all legislation relating to withholdings, reporting and remittances. TRUE ______________ FALSE ______________ d. The standard hours amount is used to calculate an hourly rate for a salaried employee who is paid overtime. It is also used to determine a salaried employees insurable hours for Record of Employment reporting purposes. TRUE ______________ FALSE ______________ e. You can input payroll data as many times as required during a pay period. TRUE ______________ FALSE ______________ f. The Social Insurance Number is a required field for paying an employee. TRUE ______________ FALSE ______________ Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 5 3. List six (6) key steps to consider when developing a payroll continuity plan. 6 marks 4. Briefly explain the use of three (3) of the defaults applicable to Second Payments. 3 marks Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 6 5. List three (3) company-specific pieces of information the implementation team will require to set up the organizations company control information. 3 marks 6. List three (3) items commonly entered on the Employee Timesheet page. 3 marks 7. Mark with an X the dollar values that feed into the Data Verification window. 5 marks STATEMENT ANSWER All keyed entries on the employee timesheet regular payment window, including salary overrides and permanent earning overrides This Pay Only entries for a second direct deposit All permanent entries on the deductions and contributions window All This Pay Only entries on the statutory deductions window, including one-time additional dollar amounts and dollar amount overrides (for CPP/QPP, EI, Federal, and Provincial taxes). All keyed entries for a new employees hourly rate or pay period salary on the Hire/Profile page. Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 7 8. Describe the difference between the two (2) methods the payroll system uses to calculate deductions. 2 marks 9. List two (2) reasons an extra payroll run would be created. 2 marks . Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 8 10. Complete the following chart and provide an example of each (that is not used in the course material). 6 marks VALUE EFFECT Permanent Rates Permanent Factors Permanent Earnings Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 9 Scenario 9 marks You have received a memo from the Controller indicating that the following new pay elements need to be setup. Death Benefit Canada Savings Bond Payroll Savings Plan deduction Automobile taxable benefit Complete the following templates for each new pay element with the information to be provided to Customer Service. Use your course material to identify the information Customer Service will need on each element. You may need to refer to your Payroll Compliance Practitioner course material as well as the CRA, RQ and other websites to determine the compliance requirements with respect to the withholding, taxability and reporting of these elements. NEW HOURS OR EARNINGS Earnings Name Death Benefit Name to Appear on Documentation (maximum 8 characters) Assignment 1 Payroll Technology Practicum National Payroll Institute Payroll Technology Practicum Vs 15.0 10 NEW DEDUCTION Deduction Name Payroll Savings Plan Name to Appear on Documentation (maximum 8 characters) NEW EMPLOYER CONTRIBUTION Contribution Name Automobile Taxable Benefit Name to Appear on Documentation (maximum 8 characters)
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