WorksheetsPRE-ANN ORAL REVALIDA
Total questions: 5
Worksheet time: 6mins
What are the data that needs to be secured from the client?
other compensation paid directly by the client
duly paid & filed 1601C and payment details
BIR Form 2316 of New Hires
All of the choices
None of the choices
What are the reports needed for the 4-way reconciliation?
(1) Manual Recon
(2) Processed Payroll Reports YTD
(3) System generated Remittance Report
(4) 1604-C
(1) Manual Payments
(2) Processed Final Pay per Period
(3) System generated YTD Report versus the monthly
(4) 2316
(1) Manual Recon
(2) Processed Payroll Reports per Period
(3) System generated YTD Report versus the monthly
(4) 1601-C
None of the Choices
Measuring the pre-annualization success, give at least 2 positive and negative impact of pre-annualization?
(+) Identify failure points prior to annualization and act in advance on potential incidents.
(-) Difficult to address problem staff
(+) Manage time constraints that may lead to excessive and long hours of work.
(-) Harder to secure data and information from clients
(+) Eliminate penalties and client dissatisfaction that may also lead to disciplinary action.
(-) Client to refer BPOI to his/her network
(+) Pre-define your success in annualization!
(-) Difficult to eliminate errors during annualization
(+) Happy clients!
(-) Long hours during annualization
Potential causes of variances
All choices are correct except for 1
Unrecognized Bonus by the system
Employee status, e.g. on ML prolonged leave
Previous employer Income
Error in cost center code tagging
Over application of 90K bonus
Give 3 sample Parameters (P) and Recommendations (R) as a result of tax forecasting.
(P) Employees with previous employer
(R) Immediate implementation of normalized tax
(P) Release of 13th month pay | (R) Double check divisor for remaining tax deductions
(P) New Hires
(R) Hold implementation of forecasted tax until last payroll
(P) Minimum Wage earners
(R) Immediate implementation of region tagging
(P) Earnings / Income for re-class (Non-Taxable to Taxable)
(R: Immediate implementation of forecasted tax
