Preview Questions Payroll Administrator | Role Specific Skill

Question 1: When calculating the deductions for an employee's salary in a university setting, which of the following is an example of a pre-tax deduction?

Which action should you take?

Choose only one option

Contributions to the university's retirement plan.

Personal loan payments.

After-tax health insurance premiums.

Union dues.

Question 2: What is a key factor to consider when implementing payroll deductions for retirement plans in the context of educational institutions?

Which action should you take?

Choose only one option

Ensuring that only academic staff are eligible for these deductions.

Ensuring that employees are provided with regular statements of their contributions.

The need to comply with tax-exempt status and contribution limits as per government regulations.

Ensuring that retirement deductions are automatically adjusted based on salary increases.

Question 3: What is the role of payroll tax adjustments in salary calculation in the education sector?

Which action should you take?

Choose only one option

No adjustments are made during salary calculation

Adjustments are applied each pay period depending on tax codes

Adjustments are based on year-end tax reconciliation

Only adjustments for federal taxes are made

Question 4: When processing payroll for a university, which of the following should be considered when dealing with academic year-end payroll adjustments?

Which action should you take?

Choose only one option

Salary increments should be based on the number of classes taught in the previous month.

Only the fiscal year-end data, excluding adjustments related to bonuses or faculty contracts.

Adjustments should be done manually, without considering any pre-set salary structures or schedules.

The academic year's specific salary schedules, including any contract renewals, bonuses, or stipends for faculty.

Question 5: How do you handle reporting and reconciliation of benefits expenses, ensuring that all costs are accurately recorded and budgeted?

Which action should you take?

Choose only one option

By focusing only on employee contributions and neglecting employer costs

By maintaining detailed records of benefit costs, reconciling them with payroll data, and submitting accurate reports for budget tracking

By excluding benefits from budget reporting and focusing solely on salaries

By assuming that benefits expenses do not need to be reconciled with payroll

Question 6: How do you handle payroll record corrections when an employee disputes an error, ensuring that the correction is processed promptly and legally compliant?

Which action should you take?

Choose only one option

By reviewing the dispute, investigating the error, making the necessary corrections, and documenting the changes for compliance

By allowing employees to make corrections themselves without oversight

By postponing corrections until the next payroll cycle

By making corrections without verifying the error or consulting the employee