Question

In: Accounting

Josh is terminated on May 18, 2017. Until what date must his employer retain his personnel...

Josh is terminated on May 18, 2017. Until what date must his employer retain his personnel file? forever April 15, 2022 May 18, 2021 April 15, 2021

Solutions

Expert Solution

Answer is May 18,2021

An employer must keep general employee records, such as earnings tables, at least two years, according to the Fair Labor Standards Act guidelines. Payroll records, agreements, notices and similar documents must stay available for at least three years after termination.

Under the Fair Labor Standards Act (FLSA), employers are required to keep payroll records for nonexempt employees for three years. Payroll records for nonexempt employees include employer copies of pay stubs or proof of wage payments, proof of overtime wages paid, straight-time and overtime hours worked, payroll deductions and other wage-related materials. The record keeping requirements for salaried, exempt employees differ slightly, only because exempt employees aren't entitled to overtime and therefore you wouldn't have proof of overtime paid. The FLSA requires that employers maintain nonexempt records for three years from the employment termination date.


Related Solutions

Ben's employer offers employees the following benefits. What amount must Ben include in his gross income?...
Ben's employer offers employees the following benefits. What amount must Ben include in his gross income? Benefit Value Health insurance coverage $ 5,800 Group term life insurance (Policy $50,000) 4,270 Disability insurance coverage (considered purchased by Ben) 3,600 Whole life insurance coverage (Policy $100,000) 7,000 A. $11,070 B. $9,400 C. Zero - none of these benefit is included in gross income. D. $10,600 E. $7,000
q1. a) Why would an employer give his employer health coverage b) What are the advantages...
q1. a) Why would an employer give his employer health coverage b) What are the advantages of having your health covered by your boss
What all factors an engineer must consider for designing a retaining wall to retain a soil...
What all factors an engineer must consider for designing a retaining wall to retain a soil of height 10m? How those factors are different for a cohesionless soil, a cohesive soil and a saturated soil?
What all factors an engineer must consider for designing a retaining wall to retain a soil...
What all factors an engineer must consider for designing a retaining wall to retain a soil of height 10m? How those factors are different for a cohesionless soil, a cohesive soil and a saturated soil?
Kevin is single. In 2017, he earned $65,000 in salary this year from his employer and received $10,000 in alimony from his ex-wife.
Kevin is single. In 2017, he earned $65,000 in salary this year from his employer and received $10,000 in alimony from his ex-wife. His employer withheld $9,000 in tax from his salary this year. In addition to the above, the following occurred this year:- He decided he did not like his nose. So he paid $2,000 in cosmetic surgery to make it larger and more defined.- He paid $2,500 in union dues and for subscriptions to publications related to his...
Question 6 You must answer both A and B Ajay borrowed $10,000 from his employer, Creative...
Question 6 You must answer both A and B Ajay borrowed $10,000 from his employer, Creative College, on 4 September 2019 as his home was damaged by a hailstorm. The loan was provided at no interest. On 20 January 2020, the college informed Ajay that he was only required to repay half the loan as he is a valued employee. Required A (5+5=10 marks) Advise Ajay and the college: How the benefits would be characterised when determining Ajay’s assessable income...
If an employee is placed in a Hearing Conservation program, what four things must the employer...
If an employee is placed in a Hearing Conservation program, what four things must the employer provide of perform?
Regarding underwriting considerations, what information may an employer have to provide to an insurance company to...
Regarding underwriting considerations, what information may an employer have to provide to an insurance company to show that the company is insurable? A. The firm's total number of employees B. The employees' health histories C. References from customers D. The employer's financial records
ron who is 16 and studying fulltime whilst living with his parents 2017/18 tax year he...
ron who is 16 and studying fulltime whilst living with his parents 2017/18 tax year he had gross wages from partime job of 4700 (payg withhelo of 800) gross interest received on fund given by his parent 10000 (TFN withheld 4900) income distribution from estate of late aunt 7500 income distribution from family trust 6000(tax paid by trustee 1500) unfranked dividend from shares 1200(brought with funds from pervious family trust distribution) what is the net tax payable for the year
What describes a day of personal use the property owner rented his house to his employer for $50. the FMV is $75 a day.
What describes a day of personal use the property owner rented his house to his employer for $50. the FMV is $75 a day.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT