WORKDAY PRO PAYROLL EXAM QUESTIONS AND COMPLETE 100% CORRECT VERIFIED ANSWERS WITH WELL EXPLAINED RATIONALES GRADED A+ BY EXPERTS LATEST UPDATE 2024 PROVEN AND GUARANTEED 100% SUCCESS AFTER DOWNLOAD (ALL YOU NEED TO PASS YOUR EXAMS) T/F When using payroll input to enter an ongoing deduction, the Start Date and End Date fields are both required? False Which payroll input processing option do you select when you need to add or subtract from an existing payment? Adjustment You need to process a spot bonus payment for a worker in the current, regular pay period. What processing options should you use? One time, Override, regular run You want to add a pay component to the Workday-delivered Payroll Register. What task do you use? Maintain Register Configuration task What are the steps for processing a withholding order? 1. Identify disposable income or appropriate wage base for a withholding order. 2. create a deduction recipient. 3. record the details of the withholding order. T/F You need to define the calculation rules and components required to process withholding orders? False T/F You must set up withholding order priorities in Workday? False When defining ledger account type, which types should be set up for payroll? Assets, Liabilities, and Expense. Best practice to set up the Balance Sheet and Income Statement T/F You can define default account for posting and modify posting condition rules? True You need to see what workers have costing allocations assigned to them. What report can you access? All Workers Costing Allocations What must be defined before setting up banks and other financial institutions? Companies, Company hierarchies, Payment type What task do you use to specify the options employees have when selecting their payment elections? Maintain Payment Election Rules T/F Payroll is the only area of Workday that uses the Settlement Engine. False. Payroll Supplier and expense payments T/F Workday recalculates supported retroactive changes and forwards the difference to the current period? True
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