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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
Your customer's bonus payments are based on a percentage of salary. Therefore, salary must be calculated before bonus in the payroll run. How do you determine the element processing sequence within a payroll run?

A. Set the priority of the element on the element definition page.
B. Set the effective process priority within the element entries page.
C. Alter the sequence of the elements on the element entries page.
D. Use the default priority of the primary classification of the element.

Answer: A

NEW QUESTION # 62
You are using a third-party time product and want to import time to Fusion Payroll using the time interface.
What steps should you take?

A. Import time card entries by submitting the Load Time Card process from the Time and Labor work area.
B. Import time entries using the Batch Loader task in the Payroll Administration work area.
C. Import element entries using the Batch Loader task in the Payroll Administration work area.
D. Import time card entries by submitting the load Time Card Batches process from the Payroll Checklist or Payroll Administration work areas

Answer: D

NEW QUESTION # 63
You want to define your own rules for converting a rate value from one periodicity to another, such as from weekly to annual. How can you achieve this?

A. Define your own Periodicity Conversion Rule and select it while creating the element.
B. Define an indirect element, write a fast formula to convert the processed value and create the result for an indirect element.
C. Create an additional input value, calculate the converted value outside the system, and enter it while creating an element entry.
D. You cannot define your own rules for converting from one periodicity to another.

Answer: A

Explanation:
In Oracle Payroll Cloud, to customize rate conversions (e.g., weekly to annual), you can define a Periodicity Conversion Rule and select it during element creation (Option D). This feature allows you to specify custom conversion factors (e.g., multiplying a weekly rate by 52 for an annual rate) and apply them to the element's rate calculations. Option A (manual calculation) is inefficient and error-prone. Option B (indirect element with formula) is a workaround but not the intended method for periodicity conversion. Option C is incorrect, as Oracle explicitly supports custom conversion rules. Documentation confirms this functionality within element setup.

NEW QUESTION # 64
Which delivered report can be used to verify the details of all payments made to third-parties?

A. Third-Party Payment Register
B. Payment Register Report
C. Third-Party Invoice Listing
D. Payroll Activity Report

Answer: A

NEW QUESTION # 65
When submitting a payroll flow, who is the owner of a task if no one has been indicated within the payroll flow definition?

A. The user that submitted the payroll flow
B. Any user with either the Payroll Administrator or Payroll Manager Role
C. Any user with the Payroll Manager role
D. Any user with the Payroll Administrator role

Answer: A

NEW QUESTION # 66
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Quiz 1Z0-1050-24 - Oracle Payroll Cloud 2024 Implementation Professional Newest Reliable Exam Bootcamp

100% Pass Quiz Oracle - 1Z0-1050-24 - Reliable Oracle Payroll Cloud 2024 Implementation Professional Exam Bootcamp

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q61-Q66):

Proven Way to Pass the 1Z0-1050-24 Exam on the First Attempt

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