Oracle Planning 2017 Implementation Essentials — Question 38

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

Answer options

• A. Run and submit your 1099s because it will automatically reflect any changes.
• B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
• C. Generate a 1096 form and submit it instead.
• D. Manually enter the 1099s for the State and submit.

Correct answer: B

Explanation

The correct answer is B because updating the 1099 template ensures compliance with the new state format before submission. Option A is incorrect as it assumes automatic updates without any action. Option C is wrong since a 1096 form is not a substitute for submitting 1099s. Option D is not ideal due to the potential for errors and inefficiencies in manual entry.