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Wed, 09 Oct 2024
1. What is Oracle Payroll Cloud?
A:
Oracle Payroll Cloud is a cloud-based payroll solution that automates and
streamlines payroll processes for organizations
2. What are some of the key features of Oracle Payroll Cloud?
A: Some key features of Oracle Payroll Cloud include payroll processing, tax
compliance, time and labor management, and reporting and analytics.
3. What is the US Legislation module in Oracle Payroll Cloud?
A: The US Legislation module in Oracle Payroll Cloud is designed to help
organizations comply with US payroll regulations, including federal, state, and
local tax laws.
4. What types of taxes does Oracle Payroll Cloud handle for US
legislation?
A: Oracle Payroll Cloud handles federal income tax, Social Security tax, Medicare
tax, state income tax, and local taxes.
5. What is the difference between exempt and non-exempt
employees in Oracle Payroll Cloud?
A: Exempt employees are not entitled to overtime pay, while non-exempt employees
are entitled to overtime pay.
6. How does Oracle Payroll Cloud calculate overtime pay?
A: Oracle Payroll Cloud calculates overtime pay based on the number of hours
worked over 40 hours in a workweek.
7. What is the minimum wage in the United States?
A: The federal minimum wage is $7.25 per hour. Does
Oracle Payroll Cloud automatically adjust the minimum wage rate? Answer: Yes,
Oracle Payroll Cloud automatically adjusts the minimum wage rate based on
federal and state regulations.
8. What is the difference between a W-2 and a W-4 form?
A: A W-2 form is used to report an employee's wages and taxes paid during the
year, while a W-4 form is used to determine how much federal income tax should
be withheld from an employee's paycheck.
9. How does Oracle Payroll Cloud handle garnishments?
A: Oracle Payroll Cloud automatically calculates and deducts garnishments from an
employee's paycheck based on court orders.
10. What is a pay cycle in Oracle Payroll Cloud?
A: A pay cycle is the frequency with which an organization pays its employees,
such as weekly, biweekly, or monthly.
11. How does Oracle Payroll Cloud handle paid time off (PTO)?
A: Oracle Payroll Cloud allows organizations to create PTO policies and track employee
accruals and usage.
12. What is the difference between a deduction and an earning
in Oracle Payroll Cloud?
A: A deduction is a reduction in an employee's paycheck, such as for taxes or
benefits, while an earning is an addition to an employee's paycheck, such as
for overtime or bonuses.
13. How does Oracle Payroll Cloud handle state-specific payroll
taxes?
A: Oracle Payroll Cloud automatically calculates and withholds state-specific
payroll taxes based on each state's regulations.
14. What is a payroll register in Oracle Payroll Cloud?
A: A payroll register is a report that summarizes payroll information for a
specific pay period, including earnings, deductions, and taxes.
15. How does Oracle Payroll Cloud handle year-end payroll
processing?
A: Oracle Payroll Cloud generates W-2 forms for employees and handles the year-end
tax reporting process.
16. What is the difference between a salary and an hourly
employee in Oracle Payroll Cloud?
A: A salary employee is paid a fixed amount per pay period, while an hourly
employee is paid based on the number of hours worked.
17. How does Oracle Payroll Cloud handle employee benefits?
A: Oracle Payroll Cloud allows organizations to create benefit plans and track
employee enrollment and usage.
18. What are the different types of payroll taxes that Oracle
Payroll Cloud handles for US legislation, and how does it handle them?
A: Oracle Payroll Cloud handles federal income tax, Social Security tax, Medicare
tax, state income tax, and local taxes. It automatically calculates and
withholds these taxes based on each employee's tax status and location.
19. How does Oracle Payroll Cloud handle multi-state payroll
processing?
A: Oracle Payroll Cloud handles multi-state payroll processing by automatically
calculating and withholding payroll taxes based on each state's regulations.
20. How does Oracle Payroll Cloud handle payroll for employees
working in multiple jurisdictions?
A: Oracle Payroll Cloud handles payroll for employees working in multiple
jurisdictions by automatically calculating and withholding payroll taxes based
on each employee's work location.
21. What is the difference between a pre-tax deduction and a
post-tax deduction, and how does Oracle Payroll Cloud handle them?
A: A pre-tax deduction is deducted from an employee's paycheck before taxes are
calculated, while a post-tax deduction is deducted after taxes are calculated.
Oracle Payroll Cloud allows organizations to create both types of deductions
and automatically calculates and withholds them based on each employee's
election.
22. How does Oracle Payroll Cloud handle overtime pay for
employees who work in multiple states with different overtime laws?
A: Oracle Payroll Cloud handles overtime pay for employees who work in multiple
states with different overtime laws by automatically calculating overtime
pay based on the state-specific regulations.
23. How
does Oracle Payroll Cloud handle payroll for employees who work abroad?
A: Oracle Payroll Cloud handles payroll for employees who work abroad by
automatically calculating and withholding payroll taxes based on each country's
regulations.
24. What is a retroactive payroll adjustment, and how does
Oracle Payroll Cloud handle it?
A: A retroactive payroll adjustment is a change to an employee's payroll
information that affects a previous pay period. Oracle Payroll Cloud allows
organizations to make retroactive payroll adjustments and automatically
recalculates and adjusts the affected paychecks.
25. What is a payroll relationship in Oracle Payroll Cloud, and
how is it used?
A: A payroll relationship in Oracle Payroll Cloud is a relationship between an
employee and the organization that defines the employee's pay and benefits. It
is used to determine payroll calculations and withholdings.
26. How does Oracle Payroll Cloud handle payroll for temporary
or seasonal employees?
A: Oracle Payroll Cloud handles payroll for temporary or seasonal employees by
automatically calculating and withholding payroll taxes based on the employee's
status and work location.
27. What is the difference between a tax form and a tax filing,
and how does Oracle Payroll Cloud handle them?
A: A tax form is a document that reports an employee's wages and taxes paid during
the year, while a tax filing is the process of submitting tax forms to the
appropriate tax agencies. Oracle Payroll Cloud generates tax forms for
employees and handles the tax filing process.
28. How does Oracle Payroll Cloud handle payroll for employees
who work remotely?
A: Oracle Payroll Cloud handles payroll for employees who work remotely by
automatically calculating and withholding payroll taxes based on the employee's
work location.
29. What is a taxable benefit, and how does Oracle Payroll
Cloud handle it?
A: A taxable benefit is a benefit provided by an employer that is subject to
payroll taxes. Oracle Payroll Cloud automatically calculates and withholds
payroll taxes on taxable benefits.
30. How does Oracle Payroll Cloud handle payroll for employees
who work part-time or have a variable schedule?
A: Oracle Payroll Cloud handles payroll for employees who work part-time or have a
variable schedule by automatically calculating payroll based on the employee's
hours worked.
31. How does Oracle Payroll Cloud handle payroll for employees
who receive tips or commissions?
A: Oracle Payroll Cloud handles payroll for employees who receive tips or
commissions by automatically calculating and withholding payroll taxes on those
earnings.
32. What is a gross-to-net calculation, and how does Oracle
Payroll Cloud perform it?
A: A gross-to-net calculation is the process of converting an employee's gross pay
to their net pay by subtracting all applicable deductions and taxes. Oracle
Payroll Cloud performs this calculation automatically for each pay period.
33. How does Oracle Payroll Cloud handle garnishments, such as
child support or wage garnishments?
A: Oracle Payroll Cloud handles garnishments by automatically calculating and
withholding the appropriate amount from an employee's paycheck and sending it
to the appropriate agency or creditor.
34. What is a payroll run, and how does Oracle Payroll Cloud
perform it?
A: A payroll run is the process of running payroll for a specific pay period.
Oracle Payroll Cloud performs this process by calculating and generating
paychecks, depositing funds into employee accounts, and generating tax forms
and filings.
35. How does Oracle Payroll Cloud handle pay increases or
promotions mid-pay period?
A: Oracle Payroll Cloud handles pay increases or promotions mid-pay period by
automatically calculating and adjusting the affected paychecks to reflect the
new pay rate.
36. How does Oracle Payroll Cloud handle payroll for employees
who have multiple jobs or sources of income?
A: Oracle Payroll Cloud handles payroll for employees who have multiple jobs or
sources of income by automatically calculating and withholding payroll taxes
based on the total earnings from all sources.
37. What is the difference between a deduction and a
contribution, and how does Oracle Payroll Cloud handle them?
A: A deduction is an amount subtracted from an employee's gross pay, while a contribution
is an amount added to an employee's gross pay, such as a 401(k) contribution.
Oracle Payroll Cloud allows organizations to create both types of deductions
and contributions and automatically calculates and withholds them based on each
employee's election.
38. How does Oracle Payroll Cloud handle payroll for employees
who are paid on a commission-only basis?
A: Oracle Payroll Cloud handles payroll for employees who are paid on a
commission-only basis by automatically calculating and withholding payroll
taxes on the commission earnings.
39. What is a payroll element, and how is it used in Oracle
Payroll Cloud?
A: A payroll element in Oracle Payroll Cloud is a building block used to define a
specific aspect of payroll calculation or withholding, such as a tax rate or
deduction. Payroll elements are used in payroll relationships to determine
payroll calculations and withholdings.
40. How does Oracle Payroll Cloud handle payroll for employees
who work overtime, but have a salary rather than an hourly wage?
A: Oracle Payroll Cloud handles payroll for employees who work overtime on a
salary basis by automatically calculating overtime pay based on the employee's
salary and the applicable overtime regulations.
41. How does Oracle Payroll Cloud handle payroll for employees
who have both exempt and non-exempt earnings?
A: Oracle Payroll Cloud handles payroll for employees who have both exempt and
non-exempt earnings by automatically calculating and withholding payroll taxes
based on the earnings type and applicable regulations.
42. What is a payroll balance, and how is it used in Oracle
Payroll Cloud?
A: A payroll balance in Oracle Payroll Cloud is a record of an employee's
earnings, deductions, and taxes for a specific pay period. Payroll balances are
used to generate paychecks and tax forms.
43. How does Oracle Payroll Cloud handle payroll for employees
who receive bonuses or other forms of supplemental pay?
A: Oracle Payroll Cloud handles payroll for employees who receive bonuses or other
forms of supplemental pay by automatically calculating and withholding payroll
taxes based on the earnings type
44. How does Oracle Payroll Cloud handle payroll for employees
who work in multiple states or jurisdictions?
A: Oracle Payroll Cloud handles payroll for employees who work in multiple states
or jurisdictions by automatically calculating and withholding payroll taxes
based on the employee's work location and applicable regulations for each
jurisdiction.
45. How does Oracle Payroll Cloud handle retroactive pay
adjustments, such as back pay or salary increases that apply to a previous pay
period?
A: Oracle Payroll Cloud handles retroactive pay adjustments by automatically
recalculating affected paychecks and generating any necessary tax forms or
filings for the previous pay period.
46. What is a payroll relationship, and how is it used in
Oracle Payroll Cloud?
A: A payroll relationship in Oracle Payroll Cloud is a record of an employee's
employment terms and payroll details, such as their pay rate, deductions, and
taxes. Payroll relationships are used to calculate and generate paychecks and
tax forms.
47. How does Oracle Payroll Cloud handle payroll for employees
who have multiple pay rates or pay structures, such as hourly and salary-based
pay?
A: Oracle Payroll Cloud handles payroll for employees with multiple pay rates or
structures by automatically calculating pay based on the applicable pay rate or
structure for each earnings type.
48. How does Oracle Payroll Cloud handle payroll for employees
who have multiple payroll deductions, such as health insurance and retirement
contributions?
A: Oracle Payroll Cloud handles payroll for employees with multiple deductions by
automatically calculating and withholding each applicable deduction based on
the employee's election and applicable regulations.
49. How does Oracle Payroll Cloud handle payroll for employees
who have a flexible work schedule, such as those who work part-time or variable
hours?
A: Oracle Payroll Cloud handles payroll for employees with a flexible work
schedule by automatically calculating pay based on the employee's hours worked
and applicable regulations.
50. How does Oracle Payroll Cloud handle payroll for employees
who have a negative pay balance, such as those with unpaid wage advances or
negative vacation balances?
A: Oracle Payroll Cloud handles negative pay balances by automatically adjusting
affected paychecks and generating any necessary tax forms or filings.
51. How does Oracle Payroll Cloud handle payroll for employees
who have special tax considerations, such as those who are non-resident aliens
or have dual-status citizenship?
A: Oracle Payroll Cloud handles payroll for employees with special tax
considerations by automatically calculating and withholding applicable taxes
based on the employee's status and applicable regulations.
52. What is a payroll flow, and how is it used in Oracle
Payroll Cloud?
A: A payroll flow in Oracle Payroll Cloud is a sequence of steps used to process
payroll, from entering and verifying data to generating paychecks and tax
forms. Payroll flows can be customized to fit an organization's specific needs.
53. How does Oracle Payroll Cloud handle payroll for employees
who have a wage garnishment that exceeds their earnings for a pay period?
A: Oracle Payroll Cloud handles wage garnishments that exceed an employee's
earnings by prioritizing the garnishment over other payroll deductions and
withholding the maximum allowed amount from each paycheck until the garnishment
is satisfied.
54. How does Oracle Payroll Cloud handle payroll for employees
who receive tips or other forms of gratuity?
A: Oracle Payroll Cloud handles payroll for employees who receive tips by
automatically calculating and withholding payroll taxes based on the employee's
total earnings, including tips and other gratuity.
55. How does Oracle Payroll Cloud handle payroll for employees
who have a court-ordered wage assignment or income withholding order?
A: Oracle Payroll Cloud handles court-ordered wage assignments by automatically
calculating and withholding the appropriate amount from an employee's paycheck
and sending it to the appropriate agency or creditor.
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Wed, 09 Oct 2024
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