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- Question
How Would You Handle an Employee Who Fails to Report Time Records Before the Payroll Deadline?
- Correct Answer
- Employees who do not complete their required payroll forms make the payroll administrator's job more challenging Asking this question allows the applicant to explain how she would handle this to ensure the worker still gets paid
- 1. What Payroll Forms Are You Familiar With? Discuss
- 2. Loan and Advances of a bank come under the category of______________.
Options- A. Deposits
- B. Expenditure
- C. Liabilities
- D. Assets Discuss
- 3. State Bank of India recently launched 'SBI Exclusif'. It is a ____ product.
Options- A. Wealth Management
- B. Loan
- C. Mutual Fund
- D. Insurance Discuss
- 4. A budget is best described as
Options- A. A master control device
- B. The most crucial component of a company evaluation process
- C. A formal statement of a company's future plans usually expressed in monetary terms
- D. An informal statement of company future plans usually expressed in monetary terms Discuss
- 5. On what basis currency value depends?
Options- A. inflation
- B. employment
- C. imports and exports
- D. All of the above Discuss
- 6. What Is Your Experience with Computerized Payroll Systems or Software? Discuss
- 7. Can You Describe Typical IRS Forms Such as Form W-2 and W-4? Discuss
- 8. What are the benefits achieved by computerized payroll system? Discuss
- 9. How to define payroll? Discuss
- 10. Who is contingent worker? can we run payroll for a contingent worker? Discuss
Accounting and Finance problems
Search Results
Correct Answer: Payroll administrators must understand the function and proper usage of various payroll forms Forms related to payroll include personal data forms, overtime or absence approval forms, expense reimbursement forms and time sheets
Correct Answer: Assets
Correct Answer: Wealth Management
Correct Answer: A formal statement of a company's future plans usually expressed in monetary terms
Explanation:
A Budget is a financial plan of expected cash inflows and outflows that a business generates.
It is generally a long-term statement involving ammual updates. It is best described as A formal statement of a company's future plans usually expressed in monetary terms.
Correct Answer: All of the above
Explanation:
In economy, the currency value depends on imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices.
Correct Answer: Payroll systems accurately maintain data related to payroll processing Familiarity with formal payroll systems and computerized software ensure the candidate has experience with current payroll technology
Correct Answer: Payroll administrators process payroll tax information IRS forms W-2 and W-4 provide employers with the information needed to withhold income taxes from employees' wages Familiarity with these forms ensure the candidate understands how to properly prepare these documents
Correct Answer: With the computerised payroll systems - =>You saved a lot of your time, =>Your accuracy and efficiency is increased by many times =>Your are free from small and small human mistakes in calculation and linking etc =>Once master data is updated(CTC,Reimbursement), rest is taken care by the systems once input is given as and when salary is processed =>Better control is exercised
Correct Answer: Payroll is defined as its a remuneration given for work done by individuals on daily,monthly,weekly etc
Correct Answer: Contingent or temporary workers have little or no job security as their employment is based on a temporary Contingent workers are not committed to the organization for a long run, as they know that they will be out of there in very short period of time
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