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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A) Plan Access
B) Budget Pools
C) Plan Eligibility
D) Salary Component
E) Action and Action Reasons

2. A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

A) Deduction ranges
B) Deduction range Values
C) Deduction overrides
D) Deduction range group

3. A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

A) Manage Payroll Deductions
B) Manage Legal Reporting Unit Deduction Records
C) Manage Legal Entity DeductionRecords
D) Manage Personal Deductions

4. Which two tasks are true aboutcomponents in worksheet configurations? (Choose two.)

A) Each component has to be of a separate type, such as salary or bonus.
B) There is the flexibility to add any number of components within a compensation plan.
C) Plans must have at least one component if awarding compensation.
D) You can create up to five components to represent the different types of compensation that you want to award within a plan.

5. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choosethree.)

A) Predefined secondary classifications can be removed or changed.
B) Secondary classifications are subsets of the primary classifications.
C) Predefined primary classifications cannot be removed or changed.
D) Primary classifications are provided mainly to reflect tax legislation.
E) Elements can have multiple primary and multiple secondary classifications.

Solutions: