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NEW QUESTION: 1
You have an earnings element with the latest entry date as "Last Standard Earning Date" without Proation enabled.
When an employee is terminated in the middle of a pay period, how would the element be processed?
A. The element gets processed with prorated value.
B. The element gets processed with full value.
C. The element does not get processed with because it gets end dated before the standard earning date and proratio is not enabled on this element.
D. The element gets processed with zero value and a warning message is displayed.
Answer: A
Explanation:
Explanation
If you select the last standard earning date option, also select proration for the element.
This ensures that the element is processed up to this date, even if it isn't active at the end of a payroll period.
Reference
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIGP/F1427197AN15697.htm
NEW QUESTION: 2
On January 1, 2004 a father gave his daughter a $50,000 straight (ordinary) life insurance policy on his life. Premiums are paid annually. The pertinent facts about the policy are:
Date of issue: July 1, 1992
*Premium paid on July 1, 2003 $800
*Terminal reserve on July 1, 2003 5,000
*Terminal reserve on July 1, 2004 6,000
What is the value of the policy for federal gift tax purposes?
A. $50,000
B. $5,900
C. $5,800
D. $5,400
Answer: B
NEW QUESTION: 3
With respect to risk management, which of the following statements are FALSE regarding Decision Tree Analysis?
A. Decision trees shows the impact of one decision over another
B. Solving the decision tree indicates which decision yields the greatest expected value to the decision maker
C. Decision trees are tools/ techniques of quantitative risk analysis process
D. None of the choices are correct
Answer: D
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