401k Retirement Calculator

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Jan 22 2012

Microsoft MB3-230 Material by testkingworld.org

Great Plains 8.0 Human Resources Payroll(U.S) MB3-230 Test

MB3-230

QUESTION: 1
Which of the following statements are true about salary matrixes?

A. Salary matrixes are optional.
B. Salary matrixes are required for each pay code.
C. Salary matrixes will not allow you to save pay rates outside the maximum rate specified.
D. If a salary matrix is assigned to a pay code, the system will warn you when you are
outside the matrix standards with a message.

Answer: A, D

QUESTION: 2
Human Resources supports which of the following premium methods for Life Insurance?

A. Fixed Amounts only
B. Fixed Amounts and Variable Amounts
C. Fixed Amounts and Age Based
D. Variable Amounts and Age Based

Answer: C

QUESTION: 3
Which of the following are true about setting up Health Insurance plans in Human
Resources?

A. A COBRA premium can be tracked.
B. A waiting period can be specified before an employee becomes eligible.
C. A copay code could be attached for prescription drugs.
D. Contributions to pay for the plan can come from the employee and employer.

Answer: A, B, C, D

QUESTION: 4
Which of the following organizational setups allow you to track 25 extra fields?
MB3-230

A. Company
B. Employee
C. Position
D. Dependents

Answer: A, B, C

QUESTION: 5
Which of the following organizational setups require that you set up at least one?

A. Division
B. Department
C. Position/Job title
D. Supervisors

Answer: B, C

QUESTION: 6
The adjusted hire date can be used for which of the following?

A. To calculate Benefit eligibility
B. To calculate Attendance accruals
C. To pro-rate salary
D. To determine Length of service

Answer: A, B, D

QUESTION: 7
What procedure(s) should be run if Payroll was set up prior to purchasing Human Resources
to ensure the HR benefit information will be updated?

A. Shrink and verify
B. Reconcile
C. Year end closing in Payroll and HR
MB3-230

D. This will happen automatically as soon as HR is loaded

Answer: B

QUESTION: 8
If a 401k Retirement Plan is set up in Human Resources, and the employer match percent is
50%, what would be the deduction and benefit percentage amounts in Payroll if the employee
contributed 4%?

A. 4% deduction and no benefit
B. 4% deduction and 2% benefit
C. 100% deduction and 50% benefit
D. 100% deduction and 2% benefit

Answer: B

QUESTION: 9
Which of the following can be archived in Human Resources?

A. Applicants
B. Employees
C. To-Do Lists
D. Organizational Setups

Answer: A, B

QUESTION: 10
Which of the following is true about your employee benefits, such as health coverage, when
you are setting up Payroll and Human Resources?

A. Benefits should be set up in Payroll and not in HR.
B. Benefits should be set up in Payroll and then the corresponding codes in HR.
C. Benefits should be set up in HR and then the corresponding codes in Payroll.
D. If the Payroll view box is checked for the user, they will be prompted to set up the
corresponding codes in Payroll after entering a benefit in HR.
MB3-230

Answer: C, D

QUESTION: 11
Where are General Ledger accounts for Payroll transactions pulled?

A. Employee Maintenance
B. The Class assigned to the Employee
C. Payroll Posting Accounts Setup
D. Posting Accounts Setup

Answer: C

QUESTION: 12
What Payroll Setup option should be checked if you want to change month to-date amounts
on an employee pay record?

A. Edit Payroll information
B. Edit financial fields
C. Change employee records
D. Change Payroll information

Answer: B

QUESTION: 13
If you wish to give all employees in your organization a cost of living pay increase, what
window could be used to ensure both Payroll and Human Resources will be updated?

A. Payroll Mass Update
B. Payroll Pay Code Update
C. Compensation Management
D. Reconcile Human Resources

Answer: C

Original Resource : http://www.testkingworld.org

Visit MB3-230 Link : MB3-230
Download PDF Link : MB3-230

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Original Resource : http://www.testkingworld.org

Visit MB3-230 Link : MB3-230

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