In Company XYZ, the salary basis has been created with the basis as Annual Salary and Pay
Annualization factor as 1. The grade rate attached to the salary basis has Grade Rate Basis as
Hourly Salary with Grade Annualization Factor as 2080 (i.e. 40 hours x 52 weeks). An employee of
the company is on a monthly payroll. If the salary entered for this employee is 288,000 USD, what
will be stored in the element entry input value associated with the salary basis?
A.
288,000
B.
24,000 (i.e. 288,000/12 months)
C.
138.46 (i.e. 288,000/2080 hours)
D.
5538.46 (i.e. 288,000/52 weeks)
E.
No value will be stored in the element entry input value associated with the salary basis.
Explanation:
Oracle Human Resources Management Systems Compensation and Benefits
Management Guide, Salary, Grades, and Pay Administration