Oracle Compensation Cloud 2020 Implementation Essentials: 1Z0-1049-20

What is the relationship between Net Pay and Earnings? (Choose the best answer.)

A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.

B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.

C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.

D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.

Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A. an optional welcome message

B. the conversion rate date for currency conversions

C. the date that statements become available to workers

D. the date when bonus is awarded to workers

E. the date when merit increases are awarded to workers

A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)

A. Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.

B. Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

C. Multiple payroll elements can be attached a salary basis.

D. Payroll elements of any classification type can be attached to a salary basis.