Payroll Knowledge
What is the meaning of “HCM”?
Human Capital Management
An employee lives in Kentucky and works in Indiana. The two states have a reciprocity agreement. Which state's income tax should generally be withheld?
Kentucky
What default email address should be used when no email is available?
noemail@noemail.com
Which Certipay report is used as the primary source for payroll comparisons in Parallel validation?
The Labor Distribution by Run report.
Before contacting a client, consultants should review the client's account in this system and gather key information about their setup.
legacy system
How many payrolls are there in a biweekly pay group per year?
26 payrolls per year
Can you name a state that provides Paid Family Leave benefits?
CA, NJ, NY, CT, WA, MA, CO, OR, RI, DE
Where can we see if a client is Complete Pay or Non-Complete Pay?
In the client bank snip.
What report is mandatory when auditing SUTA or FUTA recalculations?
The QTD PTM Report.
When configuring a PTO plan that grants employees different accrual rates based on their years of service, which setting determines whether the plan uses yearly service tiers and allows you to define accrual rules for Year 1, Year 2, and beyond?
Service Period Based on = Years
Name one Federal Insurance Contribution Act…
Medicare or Social Security
If we're reviewing the YTD report and there's an error in August, which PTM quarter should we review?
Q3
Which report in CPE shows all the changes that have been made?
Audit Trail
What type of spreadsheet formula is prohibited in audit validations?
XLOOKUP formulas.
Before a consultant can begin building benefits in HCM, they must submit a request through the Prism/HCM API & Integrations portal. In that request, what integration type should be selected, what should be listed as the source origination, and where should the data be going?
Integration Type = Source Origination = HCM Benefit Module, and Source Destination = HCM Payroll
Is a Roth 401(k) contribution considered pre-tax or post-tax?
A Roth 401(k) contribution is post-tax
There is a variance in FIT and you are doing a pay check city verification what info format do you need?
W4
Name the six mandatory documents in the Client Shell folder.
Company deductions, Company departments set up, Company Earnings, Company information, Client Bank- Snip, Pay as you go screenshot
What is the term for anything that comes out of an employee's paycheck that is not fot tax purposes?
Deductions
When creating a deduction limit for a child support order requiring 45% of disposable income to be withheld, which percentage must be entered in HCM, and what calculation method and limit type should be selected?
55%, "All But - Tips," and "% of Disposable Income - Tips"
Do FSA and HSA deductions reduce taxable wages when calculating taxes? Why?
Yes, they are pre-tax
What is the 401(k) contribution limit for an employee born in September 1963?
He will be 63 years
Regular 401(k) contribution limit: $24,500
Enhanced catch-up contribution (ages 60-63): $11,250
Maximum employee contribution: $35,750
What WC code you create when a client doesn't have policy? State GA and NY
GA0000 and NY0000
A client has two retirement deductions and one employer contribution. What HCM feature may be required to prevent employer contributions from exceeding legal limits?
The Retirement Module (Retirement Limit Setup).
A consultant imports a timesheet file and unexpectedly removes an employee's standard salary hours, leaving only the PTO hours contained in the file. Which import setting caused this issue?
Overwrite Existing Timesheet Data