1) What is meant by processing payroll? Select all the correct answers. a) Payroll processing is the administration of employee pay based on employee type, status, salary, and wages. b) Processing payroll means compensating employees for their work. It involves calculating total wage earnings, withholding deductions, filing payroll taxes and delivering payment. c) Payroll processing is the administration of employee pay based on employee type, status, salary, wages and deductions. d) Processing payroll means compensating employers for their work. It involves calculating total wage earnings, withholding deductions, filing payroll taxes and delivering payment. 2) You must give each employee and worker a payslip detailing their: a) Basic pay, Deductions, Net pay, and Hours worked for that pay period. b) Basic pay, Net pay, and Hours worked for that pay period. c) Gross pay, Deductions, Net pay, and Hours worked for that pay period. d) Gross pay, Basic Pay, Deductions, Net pay, and Hours worked for that pay period. 3) 16.5 hrs. @ 1.5 overtime of EE 002368 in the Powerade Co. was paid in error to EE 002868 in the Energade Co. in August. Their hourly rates are as follows: EE 002368 - R34 and EE 002868 - R39. Select all the correct answers.   a) Create an August correction run in the Energade company and add an advance deduction of R965-25 on EE 002868 b) Create an August correction run in the Powerade company and add the overtime advised amount of R965-25 on EE 002368 c) Create an August correction run in the Energade company and reverse 16.5 hrs. from EE 002868  d) Create an August correction run in the Powerade company and 16.5 hrs. to EE 002368 4) The Automatic Bonus / Tax Spread Component has been added to employees in the Powerade Co. from 1 March 2022. The tax on the bonus will reflect as Additional Tax on payslips. a) True b) False 5) After adding a Subsistence Allowance of R750 via bulk upload for various employees in the Energade Co., the Project Manager advised all Branch Managers are entitled to R1050. a) Extract a Dynamic Employee Details Report identifying all Branch Managers and edit only those employees' payslips to R1050. b) Use the Filter Builder in Bulk upload identifying all Branch Managers and edit only those employees' payslips to R1050. c) Identify the affected employees, and amend the value on the Bulk Upload screen. 6) Once a Medical Aid Fund has been configured under Administer Payroll Funds, the user should go to the recurring screen to add the contribution. a) False b) True 7) The CFO of a company has requested Project Administrators to compare actual payroll costs to estimated payroll costs as he realized they are over budget. Estimating was done on Cost to Company and not on Total Cost of Employment for the SA branch. What do you think caused this? a) The estimators did not make provision for Tax. b) The estimators excluded legislative payments in their provisions. c) The estimators excluded legislative payments and company provisions in their provisions. 8) HR is in negotiation with an Accountant they wish to appoint. The candidate requires a guaranteed Net pay of R25500 after Provident Fund and Medical Aid have been paid. How should HR proceed? a) Request for a Tax Directive from SARS b) Create a Mock Payslip that includes Employer fringe benefits c) Create a Mock Payslip and set the tax status to Independent Contractor. 9) From a tax credit perspective, Medical Aid and Medical Insurance are the same. a) True b) False 10) What Tax code is relevant to Annual or Periodic Payments? a) 3601 b) 3605 c) 4474 d) 3810

Basic Payroll Processing

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