FNSPAY511FNSPAY512 Book 3, Chapter 2 Quiz

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Monarch Institute *

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FNSPAY501

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Business

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Feb 20, 2024

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FNSPAY511 - FNSPAY512 Book 3, Chapter 2 Quiz Started on Wednesday, 16 February 2024, 4:51 PM State Finished Completed on Wednesday, 16 February 2024, 5:26 PM Time taken 55 mins 25 secs Grade 10.00  out of 10.00 ( 100.00 %) Feedback Well done - you can attempt the following related 'Chapter Quiz'. Question  1 Correct Mark 1.00 out of 1.00 Flag question Question text Organisations that offer salary packaging usually have their own salary packaging policy and procedures, on top of applicable laws and regulations. Select one: True Correct False Question  2 Correct Mark 1.00 out of 1.00 Flag question Question text Payroll officers don’t need effective communication skills. It’s the employees’ responsibility to find their own information on salary packaging. Select one: True False Correct Question  3 Correct Mark 3.00 out of 3.00 Flag question Question text Sort the disadvantages of the communication methods into the correct category.
Can be difficult to arrange, especially in larger organisations. AnswerWrittenVerbal Correct More potential for misinterpretation of information. AnswerWrittenVerbal Correct Time-consuming to prepare AnswerWrittenVerbal Correct Question  4 Correct Mark 1.00 out of 1.00 Flag question Question text It’s not a good idea to accept questions from employees when delivering verbal information, in case you accidentally contradict yourself. Select one: True False Correct Question  5 Correct Mark 1.00 out of 1.00 Flag question Question text Payroll officers may need to help employees assess the implications of salary packaging on their assessable income and employment conditions. Select one: True Correct False Question  6 Correct Mark 1.00 out of 1.00 Flag question
Question text Employers sometimes pass on the FBT liability as a reduction on cash salary. Select one: True Correct False Question  7 Correct Mark 1.00 out of 1.00 Flag question Question text Employees sometimes get GST input tax credits claimed by the employer as an extra on top of their cash salary. Select one: True Correct False Question  8 Correct Mark 1.00 out of 1.00 Flag question Question text Salary-packaged super contributions made to someone other than the employee, e.g. to a spouse, are not regarded as a fringe benefit. Select one: True False 
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